Hahn Capital Management LLC trimmed its position in Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB – Free Report) by 19.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,518 shares of the bank’s stock after selling 15,427 shares during the period. Bank of N.T. Butterfield & Son makes up approximately 2.2% of Hahn Capital Management LLC’s portfolio, making the stock its 23rd biggest position. Hahn Capital Management LLC’s holdings in Bank of N.T. Butterfield & Son were worth $3,438,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in NTB. EverSource Wealth Advisors LLC boosted its holdings in 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 worth $34,000 after acquiring an additional 523 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Bank of N.T. Butterfield & Son by 3,371.0% during the third quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the bank’s stock valued at $46,000 after acquiring an additional 1,045 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of Bank of N.T. Butterfield & Son during the third quarter worth approximately $56,000. Los Angeles Capital Management LLC acquired a new position in shares of Bank of N.T. Butterfield & Son during the fourth quarter worth approximately $67,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Bank of N.T. Butterfield & Son in the 4th quarter worth $114,000. 62.73% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Bank of N.T. Butterfield & Son
In other Bank of N.T. Butterfield & Son news, CEO Michael W. Collins sold 20,621 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $58.77, for a total value of $1,211,896.17. Following the completion of the sale, the chief executive officer directly owned 60,622 shares of the company’s stock, valued at approximately $3,562,754.94. This represents a 25.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark T. Lynch acquired 10,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was purchased at an average price of $56.49 per share, with a total value of $564,900.00. Following the purchase, the director owned 234,794 shares in the company, valued at approximately $13,263,513.06. The trade was a 4.45% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 60,621 shares of company stock worth $3,557,496 over the last three months. 1.19% of the stock is owned by insiders.
Analyst Ratings Changes
View Our Latest Stock Report on Bank of N.T. Butterfield & Son
Bank of N.T. Butterfield & Son Trading Down 0.1%
Shares of Bank of N.T. Butterfield & Son stock opened at $61.32 on Monday. The company has a market capitalization of $2.57 billion, a P/E ratio of 10.61 and a beta of 0.51. The stock has a fifty day simple moving average of $58.20 and a 200 day simple moving average of $54.50. Bank of N.T. Butterfield & Son Limited has a 12-month low of $40.59 and a 12-month high of $62.46.
Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The bank reported $1.55 earnings per share for the quarter. The business had revenue of $155.93 million for the quarter. Bank of N.T. Butterfield & Son had a return on equity of 21.92% and a net margin of 30.22%. On average, analysts predict that Bank of N.T. Butterfield & Son Limited will post 6.1 EPS for the current year.
Bank of N.T. Butterfield & Son Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, May 13th. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is presently 34.60%.
Bank of N.T. Butterfield & Son Company Profile
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.
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