Bank of Montreal Can Acquires New Holdings in Bank of N.T. Butterfield & Son Limited (The) (NTB)

Bank of Montreal Can acquired a new position in Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 48,447 shares of the bank’s stock, valued at approximately $1,759,000. Bank of Montreal Can owned approximately 0.09% of Bank of N.T. Butterfield & Son at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Parametric Portfolio Associates LLC raised its holdings in Bank of N.T. Butterfield & Son by 1.1% in the second quarter. Parametric Portfolio Associates LLC now owns 21,476 shares of the bank’s stock worth $732,000 after purchasing an additional 243 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Bank of N.T. Butterfield & Son by 10.2% in the third quarter. GSA Capital Partners LLP now owns 16,292 shares of the bank’s stock worth $597,000 after purchasing an additional 1,511 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Bank of N.T. Butterfield & Son by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 194,532 shares of the bank’s stock worth $7,004,000 after purchasing an additional 1,568 shares in the last quarter. American International Group Inc. raised its holdings in Bank of N.T. Butterfield & Son by 8.1% in the third quarter. American International Group Inc. now owns 36,075 shares of the bank’s stock worth $1,322,000 after purchasing an additional 2,697 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in Bank of N.T. Butterfield & Son by 19.6% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,180 shares of the bank’s stock worth $629,000 after purchasing an additional 2,820 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Bank of N.T. Butterfield & Son Limited (NYSE NTB) opened at $39.23 on Wednesday. Bank of N.T. Butterfield & Son Limited has a twelve month low of $29.81 and a twelve month high of $41.38. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2,140.00 and a price-to-earnings ratio of 21.32.

A number of research firms have issued reports on NTB. Zacks Investment Research downgraded Bank of N.T. Butterfield & Son from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Wells Fargo & Co upgraded Bank of N.T. Butterfield & Son from a “market perform” rating to an “outperform” rating and set a $43.00 price target for the company in a report on Tuesday, January 9th.

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Bank of N.T. Butterfield & Son Company 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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