Grandview Asset Management LLC Acquires Shares of 5,640 Bank of N.T. Butterfield & Son Ltd (NTB)
Grandview Asset Management LLC acquired a new stake in Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) during the first quarter, according to its most recent filing with the SEC. The firm acquired 5,640 shares of the bank’s stock, valued at approximately $202,000.
Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Bank of N.T. Butterfield & Son by 13.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 808,393 shares of the bank’s stock valued at $41,924,000 after buying an additional 98,112 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Bank of N.T. Butterfield & Son by 187.7% during the 1st quarter. Meeder Asset Management Inc. now owns 22,337 shares of the bank’s stock worth $802,000 after purchasing an additional 14,573 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Bank of N.T. Butterfield & Son during the 3rd quarter worth $317,000. Rhumbline Advisers boosted its position in shares of Bank of N.T. Butterfield & Son by 48.6% during the 4th quarter. Rhumbline Advisers now owns 70,439 shares of the bank’s stock worth $2,208,000 after purchasing an additional 23,023 shares in the last quarter. Finally, Ramsey Quantitative Systems purchased a new stake in shares of Bank of N.T. Butterfield & Son during the 4th quarter worth $176,000. Hedge funds and other institutional investors own 75.64% of the company’s stock.
Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Bank of N.T. Butterfield & Son from a “sell” rating to a “hold” rating and set a $45.00 target price on the stock in a research report on Wednesday, May 1st. 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 investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.25.
Bank of N.T. Butterfield & Son (NYSE:NTB) last issued its earnings results on Thursday, April 25th. The bank reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.07. Bank of N.T. Butterfield & Son had a return on equity of 23.28% and a net margin of 37.06%. The business had revenue of $131.36 million during the quarter, compared to analysts’ expectations of $133.29 million. During the same quarter in the previous year, the business earned $0.81 EPS. Analysts predict that Bank of N.T. Butterfield & Son Ltd will post 3.85 earnings per share for the current year.
The business also recently declared a dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 6th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, May 3rd.
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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 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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