Royal Bank of Canada Has $18.26 Million Position in Bank of N.T. Butterfield & Son Limited (The) (NTB)

Royal Bank of Canada decreased its holdings in Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 535,347 shares of the bank’s stock after selling 12,246 shares during the quarter. Royal Bank of Canada owned approximately 0.98% of Bank of N.T. Butterfield & Son Limited (The) worth $18,255,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NTB. PNC Financial Services Group Inc. bought a new stake in Bank of N.T. Butterfield & Son Limited (The) during the first quarter valued at $190,000. BNP Paribas Arbitrage SA boosted its position in Bank of N.T. Butterfield & Son Limited (The) by 7,428.9% during the second quarter. BNP Paribas Arbitrage SA now owns 5,722 shares of the bank’s stock valued at $195,000 after acquiring an additional 5,646 shares during the last quarter. Quantbot Technologies LP boosted its position in Bank of N.T. Butterfield & Son Limited (The) by 20.6% during the second quarter. Quantbot Technologies LP now owns 6,087 shares of the bank’s stock valued at $207,000 after acquiring an additional 1,041 shares during the last quarter. California Public Employees Retirement System bought a new stake in Bank of N.T. Butterfield & Son Limited (The) during the first quarter valued at $233,000. Finally, American International Group Inc. bought a new stake in Bank of N.T. Butterfield & Son Limited (The) during the first quarter valued at $234,000. 71.06% of the stock is currently owned by institutional investors.

Shares of Bank of N.T. Butterfield & Son Limited (NYSE:NTB) opened at 36.16 on Friday. The company has a market cap of $1.97 billion and a PE ratio of 23.59. Bank of N.T. Butterfield & Son Limited has a 12 month low of $25.02 and a 12 month high of $37.30. The firm’s 50-day moving average is $34.72 and its 200-day moving average is $33.81.

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) last announced its earnings results on Tuesday, July 25th. The bank reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.67. The firm had revenue of $110.16 million for the quarter, compared to analyst estimates of $109.32 million. Bank of N.T. Butterfield & Son Limited (The) had a net margin of 19.54% and a return on equity of 17.93%. On average, equities research analysts predict that Bank of N.T. Butterfield & Son Limited will post $2.77 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Royal Bank of Canada Has $18.26 Million Position in Bank of N.T. Butterfield & Son Limited (The) (NTB)” was originally published by Markets Daily and is the property of of Markets Daily. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.themarketsdaily.com/2017/10/13/royal-bank-of-canada-has-18-26-million-position-in-bank-of-n-t-butterfield-son-limited-the-ntb.html.

A number of analysts have commented on NTB shares. Zacks Investment Research raised shares of Bank of N.T. Butterfield & Son Limited (The) from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Wednesday, September 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $38.00 price target on shares of Bank of N.T. Butterfield & Son Limited (The) in a research report on Sunday, October 8th.

About Bank of N.T. Butterfield & Son Limited (The)

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.

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

Receive News & Ratings for Bank of N.T. Butterfield & Son Limited (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of N.T. Butterfield & Son Limited (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply