California State Teachers Retirement System increased its stake in Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) by 290.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,300 shares of the bank’s stock after acquiring an additional 70,900 shares during the quarter. California State Teachers Retirement System owned about 0.17% of Bank of N.T. Butterfield & Son Limited (The) worth $3,250,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. FMR LLC lifted its stake in shares of Bank of N.T. Butterfield & Son Limited (The) by 25.5% in the second quarter. FMR LLC now owns 2,188,148 shares of the bank’s stock worth $74,616,000 after acquiring an additional 445,000 shares during the period. Southpoint Capital Advisors LP lifted its stake in shares of Bank of N.T. Butterfield & Son Limited (The) by 28.9% in the second quarter. Southpoint Capital Advisors LP now owns 1,200,000 shares of the bank’s stock worth $40,920,000 after acquiring an additional 268,861 shares during the period. Westfield Capital Management Co. LP lifted its stake in shares of Bank of N.T. Butterfield & Son Limited (The) by 57.3% in the second quarter. Westfield Capital Management Co. LP now owns 1,117,360 shares of the bank’s stock worth $38,102,000 after acquiring an additional 407,205 shares during the period. State Street Corp lifted its stake in shares of Bank of N.T. Butterfield & Son Limited (The) by 340.7% in the second quarter. State Street Corp now owns 859,224 shares of the bank’s stock worth $29,300,000 after acquiring an additional 664,249 shares during the period. Finally, Hilton Capital Management LLC lifted its stake in shares of Bank of N.T. Butterfield & Son Limited (The) by 2.5% in the second quarter. Hilton Capital Management LLC now owns 744,162 shares of the bank’s stock worth $25,376,000 after acquiring an additional 17,880 shares during the period. 72.73% of the stock is currently owned by institutional investors.

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Shares of Bank of N.T. Butterfield & Son Limited (NYSE NTB) opened at $35.79 on Wednesday. The firm has a market capitalization of $1,971.49, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 2.14 and a beta of 1.29. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.15. Bank of N.T. Butterfield & Son Limited has a 1-year low of $25.95 and a 1-year high of $38.96.

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) last issued its earnings results on Wednesday, October 25th. The bank reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.04. The business had revenue of $112.49 million during the quarter, compared to the consensus estimate of $111.66 million. Bank of N.T. Butterfield & Son Limited (The) had a return on equity of 19.90% and a net margin of 22.83%. equities analysts anticipate that Bank of N.T. Butterfield & Son Limited will post 2.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.28 dividend on an annualized basis and a yield of 3.58%. Bank of N.T. Butterfield & Son Limited (The)’s payout ratio is currently 69.19%.

A number of equities analysts recently commented on the company. Zacks Investment Research raised Bank of N.T. Butterfield & Son Limited (The) from a “sell” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $38.00 target price on shares of Bank of N.T. Butterfield & Son Limited (The) in a report on Sunday, October 8th. Finally, Citigroup Inc. downgraded Bank of N.T. Butterfield & Son Limited (The) from a “buy” rating to a “neutral” rating and set a $37.00 target price for the company. in a report on Monday, September 25th.

Bank of N.T. Butterfield & Son Limited (The) Company Profile

The Bank of N.T. Butterfield & Son Limited (the Bank) provides banking services and wealth management services. The Bank’s geographic segments include Bermuda, the Cayman Islands and Guernsey, where its banking operations are located, and The Bahamas, Switzerland, and the United Kingdom, where it offers specialized financial services.

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Institutional Ownership by Quarter for Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB)

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