Bronfman E.L. Rothschild L.P. Has $73,000 Stake in Bank of N.T. Butterfield & Son Ltd (NTB)

Bronfman E.L. Rothschild L.P. trimmed its position in Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) by 32.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,343 shares of the bank’s stock after selling 1,138 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Bank of N.T. Butterfield & Son were worth $73,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of Bank of N.T. Butterfield & Son by 21.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 289,212 shares of the bank’s stock worth $13,304,000 after acquiring an additional 51,752 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Bank of N.T. Butterfield & Son in the 3rd quarter worth approximately $2,664,000. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Bank of N.T. Butterfield & Son by 73.2% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 14,240 shares of the bank’s stock worth $738,000 after acquiring an additional 6,020 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of 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 worth $41,924,000 after acquiring an additional 98,112 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Bank of N.T. Butterfield & Son by 14.8% in the 3rd quarter. Prudential Financial Inc. now owns 254,331 shares of the bank’s stock worth $13,190,000 after acquiring an additional 32,692 shares in the last quarter. 76.52% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on NTB. Zacks Investment Research upgraded Bank of N.T. Butterfield & Son from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. ValuEngine lowered Bank of N.T. Butterfield & Son from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Finally, Citigroup upgraded Bank of N.T. Butterfield & Son from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $43.00 to $42.00 in a research report on Tuesday, January 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $50.50.

Shares of NYSE NTB traded down $0.68 during mid-day trading on Monday, hitting $37.02. The company had a trading volume of 110,596 shares, compared to its average volume of 256,616. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 1.63 and a beta of 1.80. Bank of N.T. Butterfield & Son Ltd has a 12 month low of $29.42 and a 12 month high of $53.63. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.16.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its quarterly earnings results on Tuesday, February 19th. The bank reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. The business had revenue of $133.10 million for the quarter, compared to the consensus estimate of $131.96 million. Bank of N.T. Butterfield & Son had a return on equity of 22.98% and a net margin of 36.86%. During the same quarter last year, the business posted $0.76 EPS. As a group, equities analysts forecast that Bank of N.T. Butterfield & Son Ltd will post 3.77 earnings per share for the current fiscal year.

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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 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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