Hahn Capital Management LLC Has $2.38 Million Stock Position in The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Hahn Capital Management LLC lowered its position in shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) by 28.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,420 shares of the bank’s stock after selling 25,406 shares during the quarter. Bank of N.T. Butterfield & Son accounts for 1.5% of Hahn Capital Management LLC’s holdings, making the stock its 26th biggest position. Hahn Capital Management LLC owned approximately 0.13% of Bank of N.T. Butterfield & Son worth $2,376,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Bank of N.T. Butterfield & Son by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,600,864 shares of the bank’s stock valued at $56,221,000 after buying an additional 51,875 shares during the last quarter. Westwood Holdings Group Inc. acquired a new stake in shares of Bank of N.T. Butterfield & Son in the 2nd quarter valued at approximately $31,906,000. Vanguard Group Inc. boosted its holdings in shares of Bank of N.T. Butterfield & Son by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 903,713 shares of the bank’s stock valued at $28,910,000 after buying an additional 46,416 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Bank of N.T. Butterfield & Son by 31.7% in the 2nd quarter. American Century Companies Inc. now owns 876,472 shares of the bank’s stock valued at $30,782,000 after buying an additional 211,147 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Bank of N.T. Butterfield & Son by 45.6% in the 2nd quarter. Victory Capital Management Inc. now owns 381,876 shares of the bank’s stock valued at $13,411,000 after buying an additional 119,572 shares during the last quarter. Institutional investors and hedge funds own 62.73% of the company’s stock.

Bank of N.T. Butterfield & Son Trading Up 0.7 %

Shares of Bank of N.T. Butterfield & Son stock opened at $38.23 on Friday. The business has a fifty day simple moving average of $37.30 and a two-hundred day simple moving average of $35.63. The Bank of N.T. Butterfield & Son Limited has a 1 year low of $24.62 and a 1 year high of $40.55. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.10.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.06. The business had revenue of $142.70 million during the quarter, compared to the consensus estimate of $142.07 million. Bank of N.T. Butterfield & Son had a return on equity of 21.48% and a net margin of 25.93%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 EPS. On average, research analysts anticipate that The Bank of N.T. Butterfield & Son Limited will post 4.45 earnings per share for the current year.

Bank of N.T. Butterfield & Son Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.60%. The ex-dividend date is Tuesday, November 5th. Bank of N.T. Butterfield & Son’s payout ratio is 39.20%.

Analyst Ratings Changes

Several equities research analysts have recently commented on NTB shares. Keefe, Bruyette & Woods downgraded Bank of N.T. Butterfield & Son from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $44.00 to $41.00 in a report on Wednesday, October 2nd. Wells Fargo & Company increased their price objective on Bank of N.T. Butterfield & Son from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group raised their price target on Bank of N.T. Butterfield & Son from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, July 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.60.

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 interest bearing and non-interest bearing deposits. The company’s lending portfolio includes residential mortgage lending, automobile lending, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans, as well as overdraft facilities to commercial and corporate customers.