The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Stock Holdings Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 20.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 459,210 shares of the bank’s stock after buying an additional 77,334 shares during the period. Victory Capital Management Inc. owned 0.91% of Bank of N.T. Butterfield & Son worth $16,936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new position in shares of Bank of N.T. Butterfield & Son during the 3rd quarter valued at about $37,000. Lazard Asset Management LLC purchased a new stake in shares of Bank of N.T. Butterfield & Son in the first quarter worth approximately $44,000. Meeder Asset Management Inc. acquired a new stake in Bank of N.T. Butterfield & Son in the second quarter valued at approximately $56,000. Point72 Asset Management L.P. acquired a new stake in Bank of N.T. Butterfield & Son in the second quarter valued at approximately $63,000. 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 acquiring an additional 1,554 shares during the last quarter. Institutional investors own 62.73% of the company’s stock.

Bank of N.T. Butterfield & Son Trading Down 0.1 %

NYSE:NTB opened at $37.46 on Wednesday. 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 Bank of N.T. Butterfield & Son Limited has a twelve month low of $27.20 and a twelve month high of $40.55. The business has a 50 day moving average price of $37.39 and a two-hundred day moving average price of $36.33.

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

Bank of N.T. Butterfield & Son Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.70%. The ex-dividend date was Tuesday, November 5th. Bank of N.T. Butterfield & Son’s dividend payout ratio is 39.20%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NTB shares. Wells Fargo & Company boosted their target price on shares of Bank of N.T. Butterfield & Son from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods downgraded shares of Bank of N.T. Butterfield & Son from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $44.00 to $41.00 in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $39.60.

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 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.