SEC Form SC 13G/A filed by Bank of N.T. Butterfield & Son Limited Voting (Amendment)

2/9/24 1:15:59 PM ET

Commercial Banks

Finance

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SC 13G/A 1 NTB13g123123.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No.5)* Bank of N.T. Butterfield & Son Ltd. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------------------------------- (Title of Class of Securities) G0772R208 -------------------------------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). ------------------------------------------------------------------------------ ----------------------- CUSIP No. G0772R208 13G ----------------------- ------------------------------------------------------------------------------ 1. Name of Reporting Person I.R.S. Identification No. of above Person Davis Selected Advisers, L.P. 85-0360310 ------------------------------------------------------------------------------ 2. Check the Appropriate Box if a Member of a Group (a) [_] (b) [X] ------------------------------------------------------------------------------ 3. SEC Use Only ------------------------------------------------------------------------------ 4. Citizenship or Place of Organization Colorado Limited Partnership ------------------------------------------------------------------------------ 5. Sole Voting Power Number of 1,726,478 shares Shares ---------------------------------------------------------- 6. Shared or No Voting Power Beneficially 0 shares (Shared) Owned by 0 shares (No Vote) ---------------------------------------------------------- Each 7. Sole Dispositive Power Reporting 1,726,478 shares Person ---------------------------------------------------------- 8. Shared Dispositive Power With: 0 shares ------------------------------------------------------------------------------ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,726,478 shares ------------------------------------------------------------------------------ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares n/a [_] ------------------------------------------------------------------------------ 11. Percent of Class Represented by Amount in Row (9) 3.6% ------------------------------------------------------------------------------ 12. Type of Reporting Person IA ------------------------------------------------------------------------------- Item 1(a). Name of Issuer: Bank of N.T. Butterfield & Son Ltd. Item 1(b). Address of Issuer's Principal Executive Offices: 65 Front Street Hamilton D0 HM 12 Bermuda Item 2(a) and (b). Names and Principal Business Addresses of Persons Filing: Davis Selected Advisers, L.P. 2949 East Elvira Road, Suite 101 Tucson, Arizona 85756 Item 2(c). Citizenship: Davis Selected Advisers, L.P. - Colorado Limited Partnership Item 2(d). Title of Class of Securities: Common Stock Item 2(e). CUSIP Number: G0772R208 Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: (e) Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940. This statement is being filed by Davis Selected Advisers, L.P. as a registered investment adviser. All of the securities covered by this report are owned legally by Davis Selected Advisers, L.P.'s investment advisory clients and none are owned directly or indirectly by Davis Selected Advisers, L.P. As permitted by Rule 13d-4, the filing of this statement shall not be construed as an admission that Davis Selected Advisers, L.P. is the beneficial owner of any of the securities covered by this statement. -------------------------------------------------------------------------------- Item 4. Ownership. (a). Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s). (b). Percent of Class: See the response(s) to Item 11 on the attached cover page(s). (c). Number of shares as to which such person has: (i). Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s). (ii). Shared or no power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s). (iii). Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s). (iv). Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s). Item 5. Ownership of Five Percent or Less of a Class. Not Applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable Item 10. Certification. (a) By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Davis Selected Advisers, L.P. BY /s/ Michaela McLoughry PRINT Michaela McLoughry Vice President DATE February 9, 2024

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SEC Form SC 13G/A filed by Bank of N.T. Butterfield & Son Limited Voting (Amendment)

2/9/24 1:15:59 PM ET

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Commercial Banks

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Date	Price Target	Rating	Analyst
9/29/2025	$50.00	Overweight → Equal Weight	Wells Fargo
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2/16/2022	$38.00 → $44.00	Outperform	Raymond James
1/11/2022	$40.00 → $49.00	Buy	Goldman Sachs
10/7/2021	$36.00 → $38.00	Equal-Weight	Wells Fargo
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