Kennedy Capital Management Inc. lowered its holdings in Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) by 13.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 125,909 shares of the bank’s stock after selling 19,743 shares during the period. Kennedy Capital Management Inc.’s holdings in Bank of N.T. Butterfield & Son were worth $4,518,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NTB. OppenheimerFunds Inc. boosted its position in shares of Bank of N.T. Butterfield & Son by 2.1% in the 1st quarter. OppenheimerFunds Inc. now owns 563,665 shares of the bank’s stock worth $20,224,000 after buying an additional 11,544 shares in the last quarter. State of Wisconsin Investment Board boosted its position in shares of Bank of N.T. Butterfield & Son by 29.8% in the 1st quarter. State of Wisconsin Investment Board now owns 157,000 shares of the bank’s stock worth $5,633,000 after buying an additional 36,000 shares in the last quarter. Federated Investors Inc. PA boosted its position in shares of Bank of N.T. Butterfield & Son by 17.3% in the 1st quarter. Federated Investors Inc. PA now owns 109,549 shares of the bank’s stock worth $3,931,000 after buying an additional 16,151 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Bank of N.T. Butterfield & Son by 13.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 849,866 shares of the bank’s stock worth $30,492,000 after buying an additional 102,351 shares in the last quarter. Finally, Globeflex Capital L P boosted its position in shares of Bank of N.T. Butterfield & Son by 21.1% in the 1st quarter. Globeflex Capital L P now owns 170,358 shares of the bank’s stock worth $6,112,000 after buying an additional 29,678 shares in the last quarter. Hedge funds and other institutional investors own 71.61% of the company’s stock.

Shares of NTB stock traded up $0.01 during mid-day trading on Wednesday, reaching $35.64. 880 shares of the company were exchanged, compared to its average volume of 225,105. Bank of N.T. Butterfield & Son Ltd has a fifty-two week low of $29.42 and a fifty-two week high of $53.63. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.95 billion, a P/E ratio of 10.10, a PEG ratio of 1.47 and a beta of 1.94.

Bank of N.T. Butterfield & Son (NYSE:NTB) last released its quarterly earnings results on Thursday, April 25th. The bank reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. Bank of N.T. Butterfield & Son had a net margin of 37.06% and a return on equity of 23.28%. The business had revenue of $131.36 million during the quarter, compared to the consensus estimate of $133.29 million. During the same quarter last year, the company earned $0.81 earnings per share. On average, research analysts predict that Bank of N.T. Butterfield & Son Ltd will post 3.85 EPS for the current year.

The business also recently declared a dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 6th were given a dividend of $0.44 per share. The ex-dividend date was Friday, May 3rd.

Several equities research analysts recently commented on NTB shares. Zacks Investment Research upgraded shares of Bank of N.T. Butterfield & Son from a “sell” rating to a “hold” rating in a research report on Friday, March 29th. ValuEngine lowered shares of Bank of N.T. Butterfield & Son from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.25.

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About Bank of N.T. Butterfield & Son

The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. It accepts retail and corporate checking, savings, term, and non-interest bearing deposits, as well as certificates of deposit. The company's lending portfolio includes residential mortgage lending, automobile financing, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans.

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

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