Tara Hidalgo Sells 18,587 Shares of Bank of N.T. Butterfield & Son (NYSE:NTB) Stock

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) insider Tara Hidalgo sold 18,587 shares of Bank of N.T. Butterfield & Son stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $61.27, for a total transaction of $1,138,825.49. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Bank of N.T. Butterfield & Son Price Performance

NYSE:NTB opened at $61.28 on Friday. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 10.77 and a beta of 0.51. Bank of N.T. Butterfield & Son Limited has a one year low of $40.59 and a one year high of $62.46. The business has a fifty day moving average price of $59.26 and a 200-day moving average price of $55.22.

Bank of N.T. Butterfield & Son (NYSE:NTB) last released its earnings results on Tuesday, June 30th. The bank reported $1.58 earnings per share for the quarter. Bank of N.T. Butterfield & Son had a return on equity of 22.43% and a net margin of 29.34%.The company had revenue of $159.00 million for the quarter. On average, equities research analysts expect that Bank of N.T. Butterfield & Son Limited will post 6.25 earnings per share for the current fiscal year.

Bank of N.T. Butterfield & Son Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is 35.15%.

Bank of N.T. Butterfield & Son News Summary

Here are the key news stories impacting Bank of N.T. Butterfield & Son this week:

• Positive Sentiment: Butterfield reaffirmed its quarterly dividend of $0.50 per share, equivalent to $2.00 annually and a yield of roughly 3.3%. The payout ratio is about 35%, suggesting the dividend is supported by current earnings. Insider Selling and Dividend Announcement
• Positive Sentiment: An earnings-call report highlighted management’s potentially profitable Caribbean expansion, providing a possible growth catalyst for the Bermuda-based bank. Butterfield Earnings Call Signals Profitable Caribbean Push
• Positive Sentiment: Recent operating results remain solid: Butterfield reported quarterly EPS of $1.58 on $159 million in revenue, with a 29.34% net margin and 22.43% return on equity. Analysts expect approximately $6.25 in full-year EPS.
• Neutral Sentiment: Analyst sentiment remains generally favorable but cautious. The consensus rating is “Moderate Buy,” while the average price target of $59.50 is below the stock’s recent trading level. Wells Fargo raised its target to $61 but maintained an “equal weight” rating.
• Neutral Sentiment: Institutional ownership is substantial at 62.73%, with several firms recently increasing their positions. This provides some ownership support but does not offset the more immediate insider-selling signal.
• Negative Sentiment: Several insiders sold a combined roughly 62,800 shares for about $3.14 million. Director Jody Terence Feldman sold 7,500 shares—cutting his direct holdings by 56.76%—while Richard Saunders, Andrew Ronald Burns, and Tara Hidalgo each sold approximately 18,000 shares. The concentration of sales may pressure sentiment, particularly with NTB trading near its 12-month high. NTB Insider Trading Activity

Hedge Funds Weigh In On Bank of N.T. Butterfield & Son

Several large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its position in shares of Bank of N.T. Butterfield & Son by 204.3% during the second quarter. EverSource Wealth Advisors LLC now owns 779 shares of the bank’s stock worth $34,000 after purchasing an additional 523 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Bank of N.T. Butterfield & Son by 3,371.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the bank’s stock worth $46,000 after purchasing an additional 1,045 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new position in Bank of N.T. Butterfield & Son in the 3rd quarter worth approximately $56,000. Los Angeles Capital Management LLC bought a new position in Bank of N.T. Butterfield & Son in the 4th quarter worth approximately $67,000. Finally, Kemnay Advisory Services Inc. bought a new position in Bank of N.T. Butterfield & Son in the 4th quarter worth approximately $114,000. 62.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NTB has been the subject of several analyst reports. Weiss Ratings reissued a “buy (a-)” rating on shares of Bank of N.T. Butterfield & Son in a report on Thursday, July 2nd. Zacks Research lowered shares of Bank of N.T. Butterfield & Son from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Wells Fargo & Company increased their price objective on shares of Bank of N.T. Butterfield & Son from $57.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $59.50.

About Bank of N.T. Butterfield & Son

Bank of N.T. Butterfield & Son Limited, commonly known as Butterfield, is a Bermuda-based provider of banking and wealth management services. Founded in 1858, the firm has grown from a local colonial bank into an international financial institution. With a focus on personalized client service, Butterfield offers a comprehensive suite of banking and fiduciary solutions to private individuals, families, and corporate clients.

The bank’s core activities include private banking, retail and commercial lending, trust and corporate administration, and fund services.