Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) Receives Average Recommendation of “Hold” from Analysts

Shares of Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) have been given an average rating of “Hold” by the six analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $45.33.

Separately, Zacks Investment Research raised Bank of N.T. Butterfield & Son from a “sell” rating to a “hold” rating and set a $45.00 price target for the company in a report on Wednesday, May 1st.

Shares of NYSE:NTB remained flat at $$36.31 during midday trading on Monday. 2,588 shares of the company traded hands, compared to its average volume of 165,268. Bank of N.T. Butterfield & Son has a twelve month low of $29.42 and a twelve month high of $53.63. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.99 billion, a PE ratio of 10.29, a PEG ratio of 1.57 and a beta of 1.94.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its quarterly earnings results on Thursday, April 25th. The bank reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.07. Bank of N.T. Butterfield & Son had a return on equity of 23.28% and a net margin of 37.06%. The business had revenue of $131.36 million during the quarter, compared to the consensus estimate of $133.29 million. During the same quarter last year, the firm posted $0.81 EPS. Research analysts predict that Bank of N.T. Butterfield & Son will post 3.85 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of NTB. Jacobs Levy Equity Management Inc. grew its holdings in Bank of N.T. Butterfield & Son by 27.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 377,506 shares of the bank’s stock worth $13,545,000 after buying an additional 81,720 shares in the last quarter. Sapience Investments LLC grew its holdings in Bank of N.T. Butterfield & Son by 15.5% during the first quarter. Sapience Investments LLC now owns 384,265 shares of the bank’s stock worth $13,787,000 after buying an additional 51,690 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in Bank of N.T. Butterfield & Son by 2.1% during the first quarter. OppenheimerFunds Inc. now owns 563,665 shares of the bank’s stock worth $20,224,000 after buying an additional 11,544 shares in the last quarter. Globeflex Capital L P grew its stake in Bank of N.T. Butterfield & Son by 21.1% in the 1st quarter. Globeflex Capital L P now owns 170,358 shares of the bank’s stock valued at $6,112,000 after purchasing an additional 29,678 shares during the period. Finally, Pinnacle Associates Ltd. grew its stake in Bank of N.T. Butterfield & Son by 2.3% in the 1st quarter. Pinnacle Associates Ltd. now owns 84,798 shares of the bank’s stock valued at $3,043,000 after purchasing an additional 1,925 shares during the period. 71.58% of the stock is owned by institutional investors.

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 deposit. 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.

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