Westfield Capital Management Co. LP Has $38.10 Million Position in Bank of N.T. Butterfield & Son Limited (The) (NTB)

Westfield Capital Management Co. LP boosted its position in Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) by 57.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,117,360 shares of the bank’s stock after acquiring an additional 407,205 shares during the quarter. Westfield Capital Management Co. LP owned 2.05% of Bank of N.T. Butterfield & Son Limited (The) worth $38,102,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Wellington Management Group LLP raised its holdings in Bank of N.T. Butterfield & Son Limited (The) by 3.2% in the first quarter. Wellington Management Group LLP now owns 5,243,298 shares of the bank’s stock valued at $167,314,000 after acquiring an additional 160,828 shares in the last quarter. Southpoint Capital Advisors LP raised its holdings in Bank of N.T. Butterfield & Son Limited (The) by 55.2% during the first quarter. Southpoint Capital Advisors LP now owns 931,139 shares of the bank’s stock worth $29,713,000 after purchasing an additional 331,139 shares in the last quarter. Hilton Capital Management LLC raised its holdings in Bank of N.T. Butterfield & Son Limited (The) by 2.5% during the second quarter. Hilton Capital Management LLC now owns 744,162 shares of the bank’s stock worth $25,376,000 after purchasing an additional 17,880 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Bank of N.T. Butterfield & Son Limited (The) during the first quarter worth approximately $22,417,000. Finally, Citadel Advisors LLC raised its holdings in Bank of N.T. Butterfield & Son Limited (The) by 63.7% during the first quarter. Citadel Advisors LLC now owns 702,400 shares of the bank’s stock worth $22,414,000 after purchasing an additional 273,329 shares in the last quarter. 71.06% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised shares of Bank of N.T. Butterfield & Son Limited (The) from a “sell” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Bank of N.T. Butterfield & Son Limited (The) currently has an average rating of “Buy” and a consensus price target of $31.50.

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Bank of N.T. Butterfield & Son Limited (NTB) traded up 0.29% during trading on Monday, reaching $34.57. 28,433 shares of the company were exchanged. Bank of N.T. Butterfield & Son Limited has a 52-week low of $23.75 and a 52-week high of $35.68. The stock has a market capitalization of $1.89 billion and a PE ratio of 22.55. The firm’s 50 day moving average is $33.35 and its 200 day moving average is $33.38.

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) last issued its earnings results on Tuesday, July 25th. The bank reported $0.67 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.67. Bank of N.T. Butterfield & Son Limited (The) had a return on equity of 17.93% and a net margin of 19.54%. The firm had revenue of $110.16 million for the quarter, compared to analyst estimates of $109.32 million. Analysts expect that Bank of N.T. Butterfield & Son Limited will post $2.76 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Monday, August 14th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Thursday, August 10th. Bank of N.T. Butterfield & Son Limited (The)’s dividend payout ratio is presently 84.21%.

Bank of N.T. Butterfield & Son Limited (The) Profile

The Bank of N.T. Butterfield & Son Limited (the Bank) provides banking services and wealth management services. The Bank’s geographic segments include Bermuda, the Cayman Islands and Guernsey, where its banking operations are located, and The Bahamas, Switzerland, and the United Kingdom, where it offers specialized financial services.

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

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