BlackRock Amends Butterfield Bank Stake Filing
Ticker: NTB · Form: SC 13G/A · Filed: Feb 5, 2024 · CIK: 1653242
| Field | Detail |
|---|---|
| Company | Bank Of N.T. Butterfield & Son LTD (NTB) |
| Form Type | SC 13G/A |
| Filed Date | Feb 5, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still holds a significant stake in Butterfield Bank, signaling continued institutional confidence.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on February 5, 2024, indicating its ownership of Common Stock in Bank of N.T. Butterfield & Son Ltd as of December 31, 2023. This filing, an amendment to a previous disclosure, shows BlackRock's continued significant, passive stake in the bank. This matters to investors because BlackRock is a major institutional investor, and its sustained position suggests confidence in the bank's long-term prospects, potentially influencing other investors' perceptions and decisions regarding the stock.
Why It Matters
BlackRock's continued reporting of its stake in Bank of N.T. Butterfield & Son Ltd signals its ongoing interest and confidence, which can be a positive indicator for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate new risks or significant changes in strategy.
Analyst Insight
A smart investor would view this as a routine update from a large institutional holder, confirming their continued, passive interest in Bank of N.T. Butterfield & Son Ltd, and would not necessarily trigger an immediate buy or sell decision based solely on this filing.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and a major institutional investor
- Bank of N.T. Butterfield & Son Ltd (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 5, 2024 (date) — the filing date of the SC 13G/A amendment
- BD8FF02 (other) — the SEDOL number for the Common Stock
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Bank of N.T. Butterfield & Son Ltd throughout 2024. (BlackRock, Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change or update to previously reported beneficial ownership information.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a major asset management firm.
What is the subject company whose securities are being reported?
The subject company is Bank of N.T. Butterfield & Son Ltd.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required this filing was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 5, 2024 regarding Bank of N.T. Butterfield & Son Ltd (NTB).