Bank of N.T. Butterfield & Son Limited (The) $NTB Shares Bought by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC grew its position in shares of Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 272,435 shares of the bank’s stock after acquiring an additional 11,189 shares during the period. Bridgeway Capital Management LLC’s holdings in Bank of N.T. Butterfield & Son were worth $13,573,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Bank of N.T. Butterfield & Son by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,391 shares of the bank’s stock valued at $1,027,000 after buying an additional 1,148 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Bank of N.T. Butterfield & Son by 80.3% in the first quarter. Jane Street Group LLC now owns 70,537 shares of the bank’s stock valued at $2,745,000 after buying an additional 31,420 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Bank of N.T. Butterfield & Son in the second quarter valued at about $243,000. Invesco Ltd. grew its stake in shares of Bank of N.T. Butterfield & Son by 3.8% in the second quarter. Invesco Ltd. now owns 917,385 shares of the bank’s stock valued at $40,622,000 after buying an additional 33,657 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Bank of N.T. Butterfield & Son by 204.3% in the second quarter. EverSource Wealth Advisors LLC now owns 779 shares of the bank’s stock valued at $34,000 after buying an additional 523 shares in the last quarter. 62.73% of the stock is currently owned by institutional investors and hedge funds.

Bank of N.T. Butterfield & Son Stock Down 1.7%

Shares of NYSE NTB opened at $58.13 on Thursday. Bank of N.T. Butterfield & Son Limited has a fifty-two week low of $40.59 and a fifty-two week high of $59.36. The business has a 50 day moving average price of $56.41 and a two-hundred day moving average price of $52.95. The firm has a market cap of $2.44 billion, a PE ratio of 10.06 and a beta of 0.51.

Bank of N.T. Butterfield & Son (NYSE:NTB) last issued its quarterly earnings data on Tuesday, March 31st. The bank reported $1.55 earnings per share for the quarter. Bank of N.T. Butterfield & Son had a return on equity of 21.92% and a net margin of 30.22%.The firm had revenue of $155.93 million during the quarter. On average, analysts anticipate that Bank of N.T. Butterfield & Son Limited will post 6.1 earnings per share for the current year.

Bank of N.T. Butterfield & Son Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Wednesday, May 13th. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is 34.60%.

Insider Buying and Selling

In other Bank of N.T. Butterfield & Son news, Director Mark T. Lynch acquired 10,000 shares of the stock in a transaction on Friday, May 29th. The stock was purchased at an average price of $56.49 per share, for a total transaction of $564,900.00. Following the purchase, the director directly owned 234,794 shares in the company, valued at $13,263,513.06. This trade represents a 4.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael W. Collins sold 20,621 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $58.77, for a total value of $1,211,896.17. Following the transaction, the chief executive officer directly owned 60,622 shares in the company, valued at approximately $3,562,754.94. This represents a 25.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 60,621 shares of company stock valued at $3,557,496. 1.19% of the stock is owned by insiders.

Analyst Ratings Changes

NTB has been the subject of a number of recent research reports. Wells Fargo & Company increased their target price on Bank of N.T. Butterfield & Son from $57.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, June 8th. Weiss Ratings upgraded Bank of N.T. Butterfield & Son from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, April 6th. Finally, Zacks Research lowered Bank of N.T. Butterfield & Son from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.33.

About Bank of N.T. Butterfield & Son

Bank of N.T. Butterfield & Son Limited, commonly known as Butterfield, is a Bermuda-based provider of banking and wealth management services. Founded in 1858, the firm has grown from a local colonial bank into an international financial institution. With a focus on personalized client service, Butterfield offers a comprehensive suite of banking and fiduciary solutions to private individuals, families, and corporate clients.

The bank’s core activities include private banking, retail and commercial lending, trust and corporate administration, and fund services.