Iberiabank Corp purchased a new stake in Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) in the 3rd quarter, HoldingsChannel reports. The fund purchased 7,115 shares of the bank’s stock, valued at approximately $369,000.

Several other large investors have also recently modified their holdings of NTB. JPMorgan Chase & Co. lifted its position in shares of Bank of N.T. Butterfield & Son by 1,707.7% in the 1st quarter. JPMorgan Chase & Co. now owns 239,596 shares of the bank’s stock valued at $10,753,000 after acquiring an additional 226,342 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Bank of N.T. Butterfield & Son by 25.2% in the 1st quarter. New York State Common Retirement Fund now owns 72,009 shares of the bank’s stock valued at $3,232,000 after acquiring an additional 14,509 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Bank of N.T. Butterfield & Son by 84.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 666,444 shares of the bank’s stock valued at $29,910,000 after acquiring an additional 304,693 shares in the last quarter. Citigroup Inc. lifted its position in shares of Bank of N.T. Butterfield & Son by 63.5% in the 1st quarter. Citigroup Inc. now owns 9,632 shares of the bank’s stock valued at $424,000 after acquiring an additional 3,741 shares in the last quarter. Finally, BB&T Securities LLC purchased a new stake in shares of Bank of N.T. Butterfield & Son in the 1st quarter valued at approximately $338,000. Institutional investors and hedge funds own 72.86% of the company’s stock.

NTB stock opened at $50.90 on Friday. Bank of N.T. Butterfield & Son Ltd has a 12-month low of $34.86 and a 12-month high of $53.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 2.37 and a beta of 0.63.

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

NTB has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Bank of N.T. Butterfield & Son from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Raymond James upped their price target on shares of Bank of N.T. Butterfield & Son from $52.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, July 30th. Finally, TheStreet upgraded shares of Bank of N.T. Butterfield & Son from a “c” rating to a “b-” rating in a research report on Monday, September 17th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $53.17.

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 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.

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

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