Harbor Capital Advisors Inc. Buys 971 Shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Harbor Capital Advisors Inc. raised its stake in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,519 shares of the bank’s stock after acquiring an additional 971 shares during the period. Harbor Capital Advisors Inc. owned about 0.18% of Bank of N.T. Butterfield & Son worth $3,235,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NTB. Wedge Capital Management L L P NC grew its position in Bank of N.T. Butterfield & Son by 1.4% during the third quarter. Wedge Capital Management L L P NC now owns 22,691 shares of the bank’s stock valued at $837,000 after buying an additional 324 shares during the period. Stifel Financial Corp grew its position in shares of Bank of N.T. Butterfield & Son by 8.3% during the 3rd quarter. Stifel Financial Corp now owns 7,832 shares of the bank’s stock valued at $289,000 after acquiring an additional 602 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Bank of N.T. Butterfield & Son during the 3rd quarter worth approximately $37,000. Point72 DIFC Ltd raised its holdings in shares of Bank of N.T. Butterfield & Son by 370.1% in the 3rd quarter. Point72 DIFC Ltd now owns 1,368 shares of the bank’s stock worth $50,000 after purchasing an additional 1,077 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in Bank of N.T. Butterfield & Son by 222.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,254 shares of the bank’s stock valued at $83,000 after purchasing an additional 1,554 shares during the last quarter. 62.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Bank of N.T. Butterfield & Son Stock Down 2.9 %

Shares of NYSE NTB opened at $35.14 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.09. The company has a market cap of $1.77 billion, a P/E ratio of 7.83 and a beta of 1.16. The Bank of N.T. Butterfield & Son Limited has a 52 week low of $28.73 and a 52 week high of $40.55. The business has a 50-day simple moving average of $37.30 and a two-hundred day simple moving average of $37.07.

Bank of N.T. Butterfield & Son (NYSE:NTB) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $1.16 EPS for the quarter, beating the consensus estimate of $1.10 by $0.06. Bank of N.T. Butterfield & Son had a net margin of 25.93% and a return on equity of 21.14%. The company had revenue of $142.70 million during the quarter, compared to analysts’ expectations of $142.07 million. During the same quarter in the previous year, the company earned $1.16 earnings per share. Bank of N.T. Butterfield & Son’s revenue for the quarter was up .7% on a year-over-year basis. Research analysts anticipate that The Bank of N.T. Butterfield & Son Limited will post 4.52 earnings per share for the current fiscal year.

Bank of N.T. Butterfield & Son Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 5.01%. The ex-dividend date was Tuesday, November 5th. Bank of N.T. Butterfield & Son’s payout ratio is 39.20%.

Bank of N.T. Butterfield & Son Company Profile

The Bank of N.T. Butterfield & Son Ltd. provides community banking and wealth management business. The firm operates through the following geographical segments: Bermuda, the Cayman Islands, Channel Islands and the UK, and Other. The Bermuda and Cayman segments offer retail banking and wealth management.