SG Americas Securities LLC Takes Position in Bank of N.T. Butterfield & Son Limited (The) (NTB)

SG Americas Securities LLC bought a new stake in Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,811 shares of the bank’s stock, valued at approximately $250,000.

Other hedge funds also recently made changes to their positions in the company. Ameritas Investment Partners Inc. grew its stake in shares of Bank of N.T. Butterfield & Son by 376.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,723 shares of the bank’s stock valued at $161,000 after purchasing an additional 3,732 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Bank of N.T. Butterfield & Son by 7,428.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,722 shares of the bank’s stock valued at $195,000 after purchasing an additional 5,646 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Bank of N.T. Butterfield & Son by 20.6% in the 2nd quarter. Quantbot Technologies LP now owns 6,087 shares of the bank’s stock valued at $207,000 after purchasing an additional 1,041 shares during the last quarter. Amalgamated Bank purchased a new position in shares of Bank of N.T. Butterfield & Son in the 2nd quarter valued at approximately $242,000. Finally, California Public Employees Retirement System purchased a new position in shares of Bank of N.T. Butterfield & Son in the 1st quarter valued at approximately $233,000. Institutional investors own 72.47% of the company’s stock.

Shares of Bank of N.T. Butterfield & Son Limited (NTB) opened at $37.15 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2,055.55, a P/E ratio of 13.80, a PEG ratio of 2.23 and a beta of 1.37. Bank of N.T. Butterfield & Son Limited has a 1-year low of $29.81 and a 1-year high of $40.80.

Bank of N.T. Butterfield & Son (NYSE:NTB) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04. The business had revenue of $112.49 million during the quarter, compared to analysts’ expectations of $111.66 million. Bank of N.T. Butterfield & Son had a return on equity of 19.90% and a net margin of 22.83%. sell-side analysts anticipate that Bank of N.T. Butterfield & Son Limited will post 2.82 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.28 annualized dividend and a dividend yield of 3.45%. Bank of N.T. Butterfield & Son’s dividend payout ratio is currently 69.19%.

Several research analysts have weighed in on the company. Zacks Investment Research downgraded Bank of N.T. Butterfield & Son from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $38.00 target price on shares of Bank of N.T. Butterfield & Son in a research note on Sunday, October 8th. Finally, Citigroup downgraded 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 research note on Monday, September 25th.

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Bank of N.T. Butterfield & Son 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 (NYSE:NTB)

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