Fmr LLC Grows Holdings in Bank of N.T. Butterfield & Son Limited (The) (NTB)

Fmr LLC grew its position in shares of Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) by 25.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,188,148 shares of the bank’s stock after purchasing an additional 445,000 shares during the period. Fmr LLC owned approximately 4.01% of Bank of N.T. Butterfield & Son Limited (The) worth $74,616,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in NTB. PNC Financial Services Group Inc. acquired a new position in Bank of N.T. Butterfield & Son Limited (The) during the first quarter worth $190,000. BNP Paribas Arbitrage SA lifted its stake in Bank of N.T. Butterfield & Son Limited (The) by 7,428.9% during the second quarter. BNP Paribas Arbitrage SA now owns 5,722 shares of the bank’s stock worth $195,000 after purchasing an additional 5,646 shares in the last quarter. California Public Employees Retirement System acquired a new position in Bank of N.T. Butterfield & Son Limited (The) during the first quarter worth $233,000. American International Group Inc. acquired a new position in Bank of N.T. Butterfield & Son Limited (The) during the first quarter worth $234,000. Finally, Amalgamated Bank acquired a new position in Bank of N.T. Butterfield & Son Limited (The) during the second quarter worth $242,000. Institutional investors own 71.06% of the company’s stock.

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Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) last posted its earnings results on Tuesday, July 25th. The bank reported $0.67 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.67. The business had revenue of $110.16 million for the quarter, compared to analyst estimates of $109.32 million. Bank of N.T. Butterfield & Son Limited (The) had a net margin of 19.54% and a return on equity of 17.93%.

A number of research analysts have commented on NTB shares. Zacks Investment Research cut Bank of N.T. Butterfield & Son Limited (The) from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Citigroup Inc. cut Bank of N.T. Butterfield & Son Limited (The) from a “buy” rating to a “neutral” rating and set a $37.00 price objective on the stock. in a research note on Monday, September 25th.

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

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.

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

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