JCSD Capital LLC Makes New $3.49 Million Investment in Bank of N.T. Butterfield & Son Limited (The) $NTB

JCSD Capital LLC purchased a new stake in Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 78,800 shares of the bank’s stock, valued at approximately $3,489,000. Bank of N.T. Butterfield & Son comprises 4.6% of JCSD Capital LLC’s investment portfolio, making the stock its 6th biggest holding. JCSD Capital LLC owned about 0.17% of Bank of N.T. Butterfield & Son as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. American Century Companies Inc. increased its position in Bank of N.T. Butterfield & Son by 10.0% in the 1st quarter. American Century Companies Inc. now owns 1,257,197 shares of the bank’s stock worth $48,930,000 after buying an additional 114,367 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of Bank of N.T. Butterfield & Son by 8.6% in the first quarter. Westwood Holdings Group Inc. now owns 993,807 shares of the bank’s stock valued at $38,679,000 after purchasing an additional 78,342 shares in the last quarter. Invesco Ltd. lifted its position in Bank of N.T. Butterfield & Son by 1.7% in the first quarter. Invesco Ltd. now owns 883,728 shares of the bank’s stock worth $34,395,000 after purchasing an additional 14,840 shares during the period. LSV Asset Management boosted its stake in Bank of N.T. Butterfield & Son by 53.9% during the first quarter. LSV Asset Management now owns 534,659 shares of the bank’s stock worth $20,809,000 after buying an additional 187,160 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Bank of N.T. Butterfield & Son by 0.5% in the 1st quarter. Northern Trust Corp now owns 384,835 shares of the bank’s stock valued at $14,978,000 after buying an additional 1,829 shares during the period. Institutional investors and hedge funds own 62.73% of the company’s stock.

Bank of N.T. Butterfield & Son Price Performance

NTB stock opened at $45.78 on Friday. The company has a 50 day moving average price of $43.76 and a 200 day moving average price of $43.66. Bank of N.T. Butterfield & Son Limited has a fifty-two week low of $34.77 and a fifty-two week high of $46.92. The stock has a market capitalization of $2.18 billion, a PE ratio of 8.67 and a beta of 0.68.

Bank of N.T. Butterfield & Son (NYSE:NTB) last released its earnings results on Tuesday, October 28th. The bank reported $1.51 EPS for the quarter, beating the consensus estimate of $1.30 by $0.21. The company had revenue of $153.30 million during the quarter, compared to analysts’ expectations of $147.92 million. Bank of N.T. Butterfield & Son had a return on equity of 21.94% and a net margin of 28.27%.The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $1.16 EPS. As a group, equities analysts expect that Bank of N.T. Butterfield & Son Limited will post 4.4 earnings per share for the current fiscal year.

Bank of N.T. Butterfield & Son Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Tuesday, November 11th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, November 10th. This represents a $2.00 dividend on an annualized basis and a yield of 4.4%. Bank of N.T. Butterfield & Son’s dividend payout ratio is presently 37.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NTB shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of N.T. Butterfield & Son in a report on Wednesday, October 8th. Wells Fargo & Company reissued an “equal weight” rating and issued a $50.00 price target (down previously from $54.00) on shares of Bank of N.T. Butterfield & Son in a research report on Monday, September 29th. Keefe, Bruyette & Woods lifted their price objective on Bank of N.T. Butterfield & Son from $50.00 to $52.00 and gave the company a “market perform” rating in a report on Thursday, October 30th. Finally, Zacks Research raised Bank of N.T. Butterfield & Son from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.67.

Bank of N.T. Butterfield & Son Profile

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.