5,850 Shares in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Acquired by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC purchased a new position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,850 shares of the bank’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quantbot Technologies LP increased its position in Bank of N.T. Butterfield & Son by 82.9% during the third quarter. Quantbot Technologies LP now owns 12,447 shares of the bank’s stock worth $459,000 after purchasing an additional 5,640 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Bank of N.T. Butterfield & Son in the third quarter worth $271,000. Jennison Associates LLC increased its position in shares of Bank of N.T. Butterfield & Son by 22.7% in the third quarter. Jennison Associates LLC now owns 46,955 shares of the bank’s stock worth $1,732,000 after acquiring an additional 8,675 shares in the last quarter. Segall Bryant & Hamill LLC increased its position in shares of Bank of N.T. Butterfield & Son by 3.5% in the third quarter. Segall Bryant & Hamill LLC now owns 142,666 shares of the bank’s stock worth $5,262,000 after acquiring an additional 4,796 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Bank of N.T. Butterfield & Son by 0.6% in the third quarter. Thrivent Financial for Lutherans now owns 1,172,819 shares of the bank’s stock worth $43,254,000 after acquiring an additional 7,207 shares in the last quarter. Institutional investors and hedge funds own 62.73% of the company’s stock.

Bank of N.T. Butterfield & Son Price Performance

NTB opened at $37.70 on Friday. The company has a fifty day simple moving average of $37.48 and a 200 day simple moving average of $36.46. The Bank of N.T. Butterfield & Son Limited has a twelve month low of $27.24 and a twelve month high of $40.55. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.09.

Bank of N.T. Butterfield & Son (NYSE:NTB) last released its quarterly earnings results on Tuesday, October 22nd. The bank reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.06. The business had revenue of $142.70 million during the quarter, compared to analyst estimates of $142.07 million. Bank of N.T. Butterfield & Son had a net margin of 25.93% and a return on equity of 21.14%. The business’s revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $1.16 EPS. As a group, sell-side analysts expect that The Bank of N.T. Butterfield & Son Limited will post 4.52 EPS for the current year.

Bank of N.T. Butterfield & Son Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date was Tuesday, November 5th. Bank of N.T. Butterfield & Son’s payout ratio is 39.20%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lowered shares of Bank of N.T. Butterfield & Son from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $44.00 to $41.00 in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.60.

Bank of N.T. Butterfield & Son 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 interest bearing and non-interest bearing deposits. The company’s lending portfolio includes residential mortgage lending, automobile lending, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans, as well as overdraft facilities to commercial and corporate customers.