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

Maltese Capital Management LLC boosted its stake in shares of Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) by 9.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 430,000 shares of the bank’s stock after buying an additional 37,000 shares during the quarter. Bank of N.T. Butterfield & Son accounts for about 1.3% of Maltese Capital Management LLC’s holdings, making the stock its 19th biggest holding. Maltese Capital Management LLC owned approximately 0.79% of Bank of N.T. Butterfield & Son worth $15,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. acquired a new stake in Bank of N.T. Butterfield & Son in the third quarter valued at approximately $41,742,000. State Street Corp raised its holdings in Bank of N.T. Butterfield & Son by 340.7% in the second quarter. State Street Corp now owns 859,224 shares of the bank’s stock valued at $29,300,000 after acquiring an additional 664,249 shares in the last quarter. FMR LLC raised its holdings in Bank of N.T. Butterfield & Son by 25.5% in the second quarter. FMR LLC now owns 2,188,148 shares of the bank’s stock valued at $74,616,000 after acquiring an additional 445,000 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in Bank of N.T. Butterfield & Son by 57.3% in the second quarter. Westfield Capital Management Co. LP now owns 1,117,360 shares of the bank’s stock valued at $38,102,000 after acquiring an additional 407,205 shares in the last quarter. Finally, Marshall Wace North America L.P. raised its holdings in Bank of N.T. Butterfield & Son by 202.5% in the second quarter. Marshall Wace North America L.P. now owns 595,788 shares of the bank’s stock valued at $20,257,000 after acquiring an additional 398,865 shares in the last quarter. 72.52% of the stock is owned by institutional investors.

Bank of N.T. Butterfield & Son Limited (NYSE:NTB) traded up $0.10 during mid-day trading on Thursday, reaching $38.00. 365,600 shares of the company’s stock were exchanged, compared to its average volume of 313,869. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15. Bank of N.T. Butterfield & Son Limited has a 12 month low of $28.37 and a 12 month high of $40.80. The firm has a market capitalization of $2,068.65, a PE ratio of 13.88, a P/E/G ratio of 2.25 and a beta of 1.37.

Bank of N.T. Butterfield & Son (NYSE:NTB) last released its quarterly earnings data on Wednesday, October 25th. The bank reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. Bank of N.T. Butterfield & Son had a net margin of 22.83% and a return on equity of 19.90%. The company had revenue of $112.49 million for the quarter, compared to analysts’ expectations of $111.66 million. equities analysts predict that Bank of N.T. Butterfield & Son Limited will post 2.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, November 10th. This represents a $1.28 dividend on an annualized basis and a yield of 3.37%. Bank of N.T. Butterfield & Son’s payout ratio is currently 69.19%.

NTB has been the topic of several analyst reports. Zacks Investment Research cut shares of Bank of N.T. Butterfield & Son from a “buy” rating to a “hold” rating in a report on Saturday, September 2nd. Citigroup cut shares of Bank of N.T. Butterfield & Son from a “buy” rating to a “neutral” rating and set a $37.00 target price on the stock. in a report on Monday, September 25th.

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About Bank of N.T. Butterfield & Son

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 (NYSE:NTB)

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