Massachusetts Financial Services Co. MA Acquires Shares of 72,087 The Bank of N.T. Butterfield & Son Limited (NYSE:NTB)

Massachusetts Financial Services Co. MA bought a new stake in The Bank of N.T. Butterfield & Son Limited (NYSE:NTBFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 72,087 shares of the bank’s stock, valued at approximately $1,952,000. Massachusetts Financial Services Co. MA owned about 0.14% of Bank of N.T. Butterfield & Son at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Raymond James & Associates acquired a new stake in shares of Bank of N.T. Butterfield & Son in the first quarter worth approximately $309,000. PNC Financial Services Group Inc. raised its holdings in Bank of N.T. Butterfield & Son by 26.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,831 shares of the bank’s stock valued at $138,000 after acquiring an additional 793 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Bank of N.T. Butterfield & Son by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 986,358 shares of the bank’s stock worth $35,392,000 after purchasing an additional 6,178 shares during the last quarter. Sei Investments Co. lifted its holdings in Bank of N.T. Butterfield & Son by 1.6% during the 1st quarter. Sei Investments Co. now owns 24,313 shares of the bank’s stock worth $874,000 after buying an additional 385 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Bank of N.T. Butterfield & Son by 2.9% during the first quarter. Vanguard Group Inc. now owns 471,318 shares of the bank’s stock worth $16,912,000 after purchasing an additional 13,288 shares during the last quarter. Hedge funds and other institutional investors own 64.62% of the company’s stock.

Bank of N.T. Butterfield & Son Price Performance

NYSE:NTB opened at $30.10 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $31.09 and its 200 day moving average price is $29.03. The Bank of N.T. Butterfield & Son Limited has a 52-week low of $22.93 and a 52-week high of $38.31. The firm has a market cap of $1.51 billion, a P/E ratio of 6.39 and a beta of 1.31.

Analyst Ratings Changes

NTB has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price objective on Bank of N.T. Butterfield & Son from $35.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. The Goldman Sachs Group raised their target price on shares of Bank of N.T. Butterfield & Son from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 11th.

Get Our Latest Stock Analysis on Bank of N.T. Butterfield & Son

Bank of N.T. Butterfield & Son Company Profile

(Free Report)

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.

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

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