Renaissance Technologies LLC increased its stake in shares of Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,000 shares of the bank’s stock after purchasing an additional 5,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Bank of N.T. Butterfield & Son were worth $4,972,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. grew its stake in shares of Bank of N.T. Butterfield & Son by 85.9% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 4,713 shares of the bank’s stock valued at $171,000 after purchasing an additional 2,178 shares during the last quarter. FNY Partners Fund LP lifted its holdings in Bank of N.T. Butterfield & Son by 472.1% in the fourth quarter. FNY Partners Fund LP now owns 5,000 shares of the bank’s stock valued at $181,000 after buying an additional 4,126 shares during the period. SG Americas Securities LLC acquired a new position in Bank of N.T. Butterfield & Son in the third quarter valued at approximately $250,000. Jane Street Group LLC acquired a new position in Bank of N.T. Butterfield & Son in the third quarter valued at approximately $288,000. Finally, Pitcairn Co. acquired a new position in Bank of N.T. Butterfield & Son in the fourth quarter valued at approximately $370,000. 69.79% of the stock is currently owned by institutional investors and hedge funds.

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Shares of NYSE NTB opened at $45.64 on Tuesday. Bank of N.T. Butterfield & Son Ltd has a fifty-two week low of $30.58 and a fifty-two week high of $47.60. The company has a market capitalization of $2,479.74, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 2.20 and a beta of 0.47. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.14.

Bank of N.T. Butterfield & Son (NYSE:NTB) last posted its earnings results on Thursday, February 15th. The bank reported $0.76 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.76. The company had revenue of $118.50 million for the quarter, compared to analyst estimates of $113.41 million. Bank of N.T. Butterfield & Son had a net margin of 33.07% and a return on equity of 20.27%. research analysts predict that Bank of N.T. Butterfield & Son Ltd will post 3.44 EPS for the current fiscal year.

Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Bank of N.T. Butterfield & Son from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Sandler O’Neill restated a “buy” rating and issued a $50.00 price objective on shares of Bank of N.T. Butterfield & Son in a report on Wednesday, March 28th. Wells Fargo upgraded shares of Bank of N.T. Butterfield & Son from a “market perform” rating to an “outperform” rating and set a $43.00 price objective on the stock in a report on Tuesday, January 9th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $54.00 price objective on shares of Bank of N.T. Butterfield & Son in a report on Tuesday, February 27th. Finally, Citigroup restated a “neutral” rating and issued a $42.00 price objective on shares of Bank of N.T. Butterfield & Son in a report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Bank of N.T. Butterfield & Son has an average rating of “Buy” and an average price target of $47.80.

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Bank of N.T. Butterfield & Son Profile

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 (NYSE:NTB)

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