Bank of N.T. Butterfield & Son (NYSE:NTB) Insider Tara Hidalgo Sells 18,587 Shares of Stock

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTBGet Free Report) insider Tara Hidalgo sold 18,587 shares of Bank of N.T. Butterfield & Son stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $61.27, for a total transaction of $1,138,825.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Bank of N.T. Butterfield & Son Trading Down 0.7%

Shares of NTB traded down $0.43 during mid-day trading on Friday, reaching $61.30. The company’s stock had a trading volume of 101,583 shares, compared to its average volume of 177,405. Bank of N.T. Butterfield & Son Limited has a 1-year low of $40.59 and a 1-year high of $62.46. The stock has a market cap of $2.57 billion, a P/E ratio of 10.76 and a beta of 0.51. The business has a 50-day simple moving average of $59.16 and a two-hundred day simple moving average of $55.18.

Bank of N.T. Butterfield & Son (NYSE:NTBGet Free Report) last announced its earnings results on Tuesday, June 30th. The bank reported $1.58 earnings per share (EPS) for the quarter. The firm had revenue of $159.00 million for the quarter. Bank of N.T. Butterfield & Son had a net margin of 29.34% and a return on equity of 22.43%. Research analysts anticipate 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 will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, August 12th. This represents a $2.00 annualized dividend and a yield of 3.3%. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is presently 35.15%.

Analysts Set New Price Targets

Several brokerages have recently commented on NTB. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Bank of N.T. Butterfield & Son in a research report on Thursday, July 2nd. Zacks Research downgraded shares of Bank of N.T. Butterfield & Son from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Wells Fargo & Company increased their target price on shares of Bank of N.T. Butterfield & Son from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.50.

Check Out Our Latest Report on Bank of N.T. Butterfield & Son

Institutional Trading of Bank of N.T. Butterfield & Son

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of 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 valued at $34,000 after purchasing an additional 523 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Bank of N.T. Butterfield & Son by 3,371.0% in 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 during the last quarter. CIBC Private Wealth Group LLC purchased a new stake in Bank of N.T. Butterfield & Son during the third quarter valued at about $56,000. Los Angeles Capital Management LLC bought a new stake in shares of Bank of N.T. Butterfield & Son in the 4th quarter worth approximately $67,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Bank of N.T. Butterfield & Son during the 4th quarter valued at $114,000. 62.73% of the stock is owned by hedge funds and other institutional investors.

Bank of N.T. Butterfield & Son Company Profile

(Get Free Report)

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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