5,990 Shares in Bank of N.T. Butterfield & Son Ltd (NTB) Acquired by First Hawaiian Bank

First Hawaiian Bank bought a new position in shares of Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,990 shares of the bank’s stock, valued at approximately $311,000.

Several other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in shares of Bank of N.T. Butterfield & Son by 2.3% in the second quarter. Rhumbline Advisers now owns 50,897 shares of the bank’s stock valued at $2,327,000 after purchasing an additional 1,125 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Bank of N.T. Butterfield & Son by 16.3% in the second quarter. Amalgamated Bank now owns 8,343 shares of the bank’s stock valued at $381,000 after purchasing an additional 1,171 shares in the last quarter. BB&T Securities LLC lifted its holdings in shares of Bank of N.T. Butterfield & Son by 24.3% in the second quarter. BB&T Securities LLC now owns 9,363 shares of the bank’s stock valued at $428,000 after purchasing an additional 1,829 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in shares of Bank of N.T. Butterfield & Son by 48.2% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 8,220 shares of the bank’s stock valued at $376,000 after purchasing an additional 2,674 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware bought a new stake in shares of Bank of N.T. Butterfield & Son in the second quarter valued at about $130,000. Institutional investors own 74.00% of the company’s stock.

A number of analysts have recently commented on NTB shares. Wells Fargo & Co restated a “buy” rating and issued a $45.00 price target on shares of Bank of N.T. Butterfield & Son in a report on Wednesday, October 24th. Raymond James restated a “buy” rating on shares of Bank of N.T. Butterfield & Son in a report on Wednesday, October 24th. Zacks Investment Research lowered Bank of N.T. Butterfield & Son from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, TheStreet upgraded Bank of N.T. Butterfield & Son from a “c” rating to a “b-” rating in a report on Monday, September 17th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $51.50.



NTB opened at $38.39 on Monday. Bank of N.T. Butterfield & Son Ltd has a 52-week low of $34.86 and a 52-week high of $53.63. The stock has a market cap of $2.10 billion, a P/E ratio of 13.42, a P/E/G ratio of 1.75 and a beta of 0.62. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.61 and a current ratio of 0.61.

Bank of N.T. Butterfield & Son (NYSE:NTB) last released its earnings results on Wednesday, October 24th. The bank reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.05). Bank of N.T. Butterfield & Son had a return on equity of 22.33% and a net margin of 35.65%. The company had revenue of $129.55 million for the quarter, compared to the consensus estimate of $132.36 million. Equities research analysts predict that Bank of N.T. Butterfield & Son Ltd will post 3.66 EPS for the current year.

The business also recently announced a dividend, which will be paid on Friday, November 16th. Investors of record on Monday, November 5th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, November 2nd. Bank of N.T. Butterfield & Son’s payout ratio is presently 24.48%.

Bank of N.T. Butterfield & Son Company Profile

The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. It accepts retail and corporate checking, savings, term, and non-interest bearing deposits, as well as certificates of deposits. The company's lending portfolio includes residential mortgage lending, automobile financing, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans.

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

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