Capital Fund Management S.A. Buys 27,300 Shares of Bank of N.T. Butterfield & Son Ltd (NYSE:NTB)

Capital Fund Management S.A. grew its position in Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) by 328.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 35,600 shares of the bank’s stock after buying an additional 27,300 shares during the period. Capital Fund Management S.A. owned 0.07% of Bank of N.T. Butterfield & Son worth $1,628,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Rhumbline Advisers grew its stake in shares of Bank of N.T. Butterfield & Son by 2.3% during the second quarter. Rhumbline Advisers now owns 50,897 shares of the bank’s stock worth $2,327,000 after purchasing an additional 1,125 shares during the period. Amalgamated Bank grew its stake in shares of Bank of N.T. Butterfield & Son by 16.3% during the second quarter. Amalgamated Bank now owns 8,343 shares of the bank’s stock worth $381,000 after purchasing an additional 1,171 shares during the period. BB&T Securities LLC grew its stake in shares of Bank of N.T. Butterfield & Son by 24.3% during the second quarter. BB&T Securities LLC now owns 9,363 shares of the bank’s stock worth $428,000 after purchasing an additional 1,829 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Bank of N.T. Butterfield & Son by 48.2% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 8,220 shares of the bank’s stock worth $376,000 after purchasing an additional 2,674 shares during the period. Finally, Mckinley Capital Management LLC Delaware acquired a new stake in shares of Bank of N.T. Butterfield & Son during the second quarter worth $130,000. 72.86% of the stock is owned by institutional investors and hedge funds.

NTB stock traded up $0.25 during midday trading on Friday, hitting $51.68. 218,309 shares of the company’s stock were exchanged, compared to its average volume of 239,350. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.84 billion, a PE ratio of 18.07, a P/E/G ratio of 2.37 and a beta of 0.63. Bank of N.T. Butterfield & Son Ltd has a one year low of $34.86 and a one year high of $53.63.

Bank of N.T. Butterfield & Son (NYSE:NTB) last posted its earnings results on Wednesday, July 25th. The bank reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The firm had revenue of $129.34 million for the quarter, compared to analyst estimates of $126.52 million. Bank of N.T. Butterfield & Son had a return on equity of 21.83% and a net margin of 35.22%. On average, analysts forecast that Bank of N.T. Butterfield & Son Ltd will post 3.65 earnings per share for the current year.

NTB has been the subject of a number of analyst reports. Zacks Investment Research cut Bank of N.T. Butterfield & Son from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Raymond James lifted their target price on Bank of N.T. Butterfield & Son from $52.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, July 30th. Finally, TheStreet upgraded Bank of N.T. Butterfield & Son from a “c” rating to a “b-” rating in a report on Monday, September 17th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $53.17.

Bank of N.T. Butterfield & Son Company Profile

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 deposits. 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.

Featured Article: Google Finance Portfolio Workaround

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

Receive News & Ratings for Bank of N.T. Butterfield & Son Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of N.T. Butterfield & Son and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply