Iberiabank Corp Buys Shares of 7,115 Bank of N.T. Butterfield & Son Ltd (NTB)

Iberiabank Corp bought a new position in Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,115 shares of the bank’s stock, valued at approximately $369,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in Bank of N.T. Butterfield & Son by 32.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 91,121 shares of the bank’s stock worth $4,167,000 after purchasing an additional 22,370 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Bank of N.T. Butterfield & Son by 21.8% in the second quarter. Bank of New York Mellon Corp now owns 289,212 shares of the bank’s stock valued at $13,304,000 after acquiring an additional 51,752 shares in the last quarter. Soros Fund Management LLC bought a new position in shares of Bank of N.T. Butterfield & Son in the second quarter valued at approximately $4,359,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Bank of N.T. Butterfield & Son by 51.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 44,094 shares of the bank’s stock valued at $2,016,000 after acquiring an additional 14,981 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Bank of N.T. Butterfield & Son by 241.7% in the second quarter. American Century Companies Inc. now owns 349,104 shares of the bank’s stock valued at $15,961,000 after acquiring an additional 246,941 shares in the last quarter. Hedge funds and other institutional investors own 72.86% of the company’s stock.

Several research analysts have recently issued reports on NTB shares. Zacks Investment Research cut shares of Bank of N.T. Butterfield & Son from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Raymond James increased their price objective on shares of Bank of N.T. Butterfield & Son from $52.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, July 30th. Finally, TheStreet upgraded shares of Bank of N.T. Butterfield & Son from a “c” rating to a “b-” rating in a report on Monday, September 17th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Bank of N.T. Butterfield & Son has a consensus rating of “Buy” and an average price target of $53.17.

Bank of N.T. Butterfield & Son stock opened at $50.90 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.84 billion, a PE ratio of 17.80, a P/E/G ratio of 2.37 and a beta of 0.63. Bank of N.T. Butterfield & Son Ltd has a 12-month low of $34.86 and a 12-month high of $53.63.

Bank of N.T. Butterfield & Son (NYSE:NTB) last posted its quarterly earnings data on Wednesday, July 25th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. The business had revenue of $129.34 million during the quarter, compared to analysts’ expectations of $126.52 million. Bank of N.T. Butterfield & Son had a net margin of 35.22% and a return on equity of 21.83%. As a group, sell-side analysts anticipate that Bank of N.T. Butterfield & Son Ltd will post 3.65 EPS for the current fiscal year.

Bank of N.T. Butterfield & Son Profile

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

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Institutional Ownership by Quarter for Bank of N.T. Butterfield & Son (NYSE:NTB)

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