Spark Investment Management LLC maintained its stake in shares of Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 27,100 shares of the bank’s stock at the end of the second quarter. Spark Investment Management LLC’s holdings in Bank of N.T. Butterfield & Son Limited (The) were worth $924,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. State of Wisconsin Investment Board purchased a new stake in shares of Bank of N.T. Butterfield & Son Limited (The) during the first quarter worth approximately $5,584,000. Zweig DiMenna Associates LLC purchased a new stake in shares of Bank of N.T. Butterfield & Son Limited (The) during the first quarter worth approximately $9,404,000. Parametric Portfolio Associates LLC purchased a new stake in shares of Bank of N.T. Butterfield & Son Limited (The) during the first quarter worth approximately $678,000. Sei Investments Co. raised its stake in shares of Bank of N.T. Butterfield & Son Limited (The) by 97.7% in the first quarter. Sei Investments Co. now owns 77,352 shares of the bank’s stock worth $2,469,000 after buying an additional 38,220 shares during the last quarter. Finally, Hilton Capital Management LLC raised its stake in shares of Bank of N.T. Butterfield & Son Limited (The) by 59.2% in the first quarter. Hilton Capital Management LLC now owns 726,282 shares of the bank’s stock worth $23,176,000 after buying an additional 270,175 shares during the last quarter. 65.16% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Bank of N.T. Butterfield & Son Limited (NTB) opened at 33.23 on Friday. The firm has a market capitalization of $1.81 billion and a price-to-earnings ratio of 21.68. Bank of N.T. Butterfield & Son Limited has a 52 week low of $23.75 and a 52 week high of $35.68. The stock’s 50 day moving average price is $34.33 and its 200-day moving average price is $33.35.

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. The firm had revenue of $110.16 million for the quarter, compared to analyst estimates of $109.32 million. Bank of N.T. Butterfield & Son Limited (The) had a return on equity of 17.93% and a net margin of 19.54%. Equities analysts predict that Bank of N.T. Butterfield & Son Limited will post $2.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Monday, August 14th will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, August 10th. This represents a $1.28 annualized dividend and a dividend yield of 3.85%. Bank of N.T. Butterfield & Son Limited (The)’s dividend payout ratio (DPR) is presently 84.21%.

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Separately, Zacks Investment Research lowered Bank of N.T. Butterfield & Son Limited (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Bank of N.T. Butterfield & Son Limited (The) presently has a consensus rating of “Buy” and an average target price of $32.25.

About Bank of N.T. Butterfield & Son Limited (The)

The Bank of N.T. Butterfield & Son Limited (the Bank) provides banking services and wealth management services. The Bank’s geographic segments include Bermuda, the Cayman Islands and Guernsey, where its banking operations are located, and The Bahamas, Switzerland, and the United Kingdom, where it offers specialized financial services.

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

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