Chicago Equity Partners LLC Cuts Holdings in Bank of N.T. Butterfield & Son Ltd (NTB)

Chicago Equity Partners LLC cut its holdings in shares of Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) by 23.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 165,193 shares of the bank’s stock after selling 50,700 shares during the quarter. Chicago Equity Partners LLC’s holdings in Bank of N.T. Butterfield & Son were worth $5,179,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Bank of N.T. Butterfield & Son by 2.6% in the 3rd quarter. BlackRock Inc. now owns 2,606,740 shares of the bank’s stock valued at $135,185,000 after acquiring an additional 66,632 shares during the last quarter. Southpoint Capital Advisors LP increased its stake in shares of Bank of N.T. Butterfield & Son by 6.3% in the 3rd quarter. Southpoint Capital Advisors LP now owns 1,700,000 shares of the bank’s stock valued at $88,162,000 after acquiring an additional 100,000 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Bank of N.T. Butterfield & Son by 6.3% in the 3rd quarter. Vanguard Group Inc. now owns 855,100 shares of the bank’s stock valued at $44,346,000 after acquiring an additional 50,363 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Bank of N.T. Butterfield & Son by 6.3% in the 3rd quarter. Vanguard Group Inc now owns 855,100 shares of the bank’s stock valued at $44,346,000 after acquiring an additional 50,363 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Bank of N.T. Butterfield & Son by 13.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 808,393 shares of the bank’s stock valued at $41,924,000 after acquiring an additional 98,112 shares during the last quarter. Institutional investors own 74.48% of the company’s stock.

NYSE NTB opened at $34.64 on Monday. Bank of N.T. Butterfield & Son Ltd has a 52-week low of $29.42 and a 52-week high of $53.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market cap of $1.89 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 1.42 and a beta of 1.77.

NTB has been the subject of a number of recent analyst reports. Zacks Investment Research raised Bank of N.T. Butterfield & Son from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. TheStreet cut Bank of N.T. Butterfield & Son from a “b-” rating to a “c” rating in a research note on Wednesday, November 7th. Citigroup raised Bank of N.T. Butterfield & Son from a “neutral” rating to a “buy” rating and lowered their price target for the company from $43.00 to $42.00 in a research note on Tuesday, January 15th. ValuEngine raised Bank of N.T. Butterfield & Son from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Wells Fargo & Co reissued a “buy” rating and set a $45.00 target price on shares of Bank of N.T. Butterfield & Son in a research note on Wednesday, October 24th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Bank of N.T. Butterfield & Son has an average rating of “Buy” and an average target price of $50.50.

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About Bank of N.T. Butterfield & Son

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.

Read More: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

Want to see what other hedge funds are holding NTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of N.T. Butterfield & Son Ltd (NYSE:NTB).

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

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