Bank of N.T. Butterfield & Son (NYSE:NTB) Price Target Raised to $44.00 at Keefe, Bruyette & Woods

Bank of N.T. Butterfield & Son (NYSE:NTB) had its target price increased by Keefe, Bruyette & Woods from $41.00 to $44.00 in a report published on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the bank’s stock.

Separately, Wells Fargo & Company boosted their price target on Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Bank of N.T. Butterfield & Son currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.80.

Bank of N.T. Butterfield & Son Stock Up 1.4 %

Shares of Bank of N.T. Butterfield & Son stock opened at $41.29 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 9.20 and a beta of 1.15. The firm’s 50-day moving average is $36.94 and its two-hundred day moving average is $37.11. Bank of N.T. Butterfield & Son has a 1 year low of $28.73 and a 1 year high of $41.88.

Bank of N.T. Butterfield & Son (NYSE:NTB) last released its quarterly earnings data on Monday, February 10th. The bank reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.17. Bank of N.T. Butterfield & Son had a net margin of 25.93% and a return on equity of 21.14%. As a group, research analysts expect that Bank of N.T. Butterfield & Son will post 4.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bank of N.T. Butterfield & Son

A number of large investors have recently made changes to their positions in NTB. Capital Performance Advisors LLP purchased a new position in Bank of N.T. Butterfield & Son during the 3rd quarter worth $37,000. Point72 DIFC Ltd boosted its holdings in Bank of N.T. Butterfield & Son by 370.1% in the third quarter. Point72 DIFC Ltd now owns 1,368 shares of the bank’s stock worth $50,000 after acquiring an additional 1,077 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Bank of N.T. Butterfield & Son during the fourth quarter worth about $72,000. Nisa Investment Advisors LLC increased its holdings in shares of Bank of N.T. Butterfield & Son by 222.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,254 shares of the bank’s stock valued at $83,000 after acquiring an additional 1,554 shares in the last quarter. Finally, Quarry LP raised its position in shares of Bank of N.T. Butterfield & Son by 223.7% in the 3rd quarter. Quarry LP now owns 2,564 shares of the bank’s stock valued at $95,000 after purchasing an additional 1,772 shares during the last quarter. 62.73% of the stock is owned by institutional investors and hedge funds.

About Bank of N.T. Butterfield & Son

The Bank of N.T. Butterfield & Son Ltd. provides community banking and wealth management business. The firm operates through the following geographical segments: Bermuda, the Cayman Islands, Channel Islands and the UK, and Other. The Bermuda and Cayman segments offer retail banking and wealth management.