Should I buy or sell Bank of N.T. Butterfield & Son stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of N.T. Butterfield & Son in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NTB shares. View NTB analyst ratings or view top-rated stocks .

What is Bank of N.T. Butterfield & Son's stock price target for 2024?

4 Wall Street research analysts have issued 1-year target prices for Bank of N.T. Butterfield & Son's stock. Their NTB share price targets range from $29.00 to $36.00. On average, they expect the company's stock price to reach $32.00 in the next year. This suggests a possible upside of 10.5% from the stock's current price. View analysts price targets for NTB or view top-rated stocks among Wall Street analysts .

How have NTB shares performed in 2023?

Bank of N.T. Butterfield & Son's stock was trading at $29.81 on January 1st, 2023. Since then, NTB stock has decreased by 2.9% and is now trading at $28.95. View the best growth stocks for 2023 here .

When is Bank of N.T. Butterfield & Son's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 12th 2024. View our NTB earnings forecast .

How were Bank of N.T. Butterfield & Son's earnings last quarter?

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) posted its quarterly earnings data on Wednesday, October, 25th. The bank reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. The bank had revenue of $141.70 million for the quarter, compared to analyst estimates of $143.86 million. Bank of N.T. Butterfield & Son had a net margin of 33.25% and a trailing twelve-month return on equity of 26.06%. The business's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 earnings per share.

How often does Bank of N.T. Butterfield & Son pay dividends? What is the dividend yield for Bank of N.T. Butterfield & Son?

Bank of N.T. Butterfield & Son declared a quarterly dividend on Tuesday, October 24th. Shareholders of record on Wednesday, November 8th will be given a dividend of $0.44 per share on Wednesday, November 22nd. This represents a $1.76 annualized dividend and a yield of 6.08%. The ex-dividend date is Tuesday, November 7th. Read our dividend analysis for NTB .

Is Bank of N.T. Butterfield & Son a good dividend stock?

Bank of N.T. Butterfield & Son (NYSE:NTB) pays an annual dividend of $1.76 per share and currently has a dividend yield of 6.35%. NTB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 37.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NTB will have a dividend payout ratio of 40.18% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for NTB .

What ETFs hold Bank of N.T. Butterfield & Son's stock?

ETFs with the largest weight of Bank of N.T. Butterfield & Son (NYSE:NTB) stock in their portfolio include Davis Select International ETF (DINT) , Davis Select Financial ETF (DFNL) , Invesco KBW High Dividend Yield Financial ETF (KBWD) and Davis Select Worldwide ETF (DWLD) . Natixis Vaughan Nelson Mid Cap ETF (VNMC) .

What other stocks do shareholders of Bank of N.T. Butterfield & Son own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of N.T. Butterfield & Son investors own include Intelsat (I) , Bank of America (BAC) , Fossil Group (FOSL) , AMC Entertainment (AMC) , Associated British Foods (ABF) , Chaarat Gold (CGH) , Ciena (CIEN) , Apollo Global Management (APO) , China Unicom (Hong Kong) (CHU) and First Data (FDC) .

When did Bank of N.T. Butterfield & Son IPO?

(NTB) raised $249 million in an IPO on Friday, September 16th 2016. The company issued 10,600,000 shares at a price of $22.00-$25.00 per share. Goldman Sachs, Citigroup and Sandler O'Neill + Partners acted as the underwriters for the IPO and Keefe, Bruyette & Woods (A Stifel Company), Raymond James and Wells Fargo Securities were co-managers.

Who are Bank of N.T. Butterfield & Son's major shareholders?

Bank of N.T. Butterfield & Son's stock is owned by many different retail and institutional investors. Top institutional investors include Davis Selected Advisers (6.38%), Adage Capital Partners GP L.L.C. (3.52%), Invesco Ltd. (1.61%), JPMorgan Chase & Co. (1.51%), Vaughan Nelson Investment Management L.P. (0.80%) and Charles Schwab Investment Management Inc. (0.68%).

How do I buy shares of Bank of N.T. Butterfield & Son?

Shares of NTB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Bank of N.T. Butterfield & Son Stock Price, News & Analysis (NYSE:NTB)

$28.95

+1.22 (+4.40%)

(As of 12/1/2023 ET)

Compare

Today's Range: $27.50
▼
$28.98
50-Day Range: $25.04
▼
$28.50
52-Week Range: $22.93
▼
$38.31

Volume: 219,369 shs
Average Volume: 238,943 shs
Market Capitalization: $1.45 billion

P/E Ratio: 6.15
Dividend Yield: 6.08%
Price Target: $32.00

Bank of N.T. Butterfield & Son MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 10.5% Upside
$32.00 Price Target
Short Interest: Healthy
2.41% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -7.01%
From $4.71 to $4.38 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.11 out of 5 stars

Finance Sector

539th out of 872 stocks

Commercial Banks, Not Elsewhere Classified Industry

22nd out of 29 stocks

2.5

Analyst's Opinion

Consensus Rating
Bank of N.T. Butterfield & Son has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $32.00, Bank of N.T. Butterfield & Son has a forecasted upside of 10.5% from its current price of $28.95.
Amount of Analyst Coverage
Bank of N.T. Butterfield & Son has only been the subject of 3 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.41% of the float of Bank of N.T. Butterfield & Son has been sold short.
Short Interest Ratio / Days to Cover
Bank of N.T. Butterfield & Son has a short interest ratio ("days to cover") of 6.2.
Change versus previous month
Short interest in Bank of N.T. Butterfield & Son has recently decreased by 7.03%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Bank of N.T. Butterfield & Son is a leading dividend payer. It pays a dividend yield of 6.35%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Bank of N.T. Butterfield & Son does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Bank of N.T. Butterfield & Son is 37.37%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Bank of N.T. Butterfield & Son will have a dividend payout ratio of 40.18% next year. This indicates that Bank of N.T. Butterfield & Son will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NTB.

0.0

News and Social Media Coverage

Search Interest
Only 1 people have searched for NTB on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bank of N.T. Butterfield & Son insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.19% of the stock of Bank of N.T. Butterfield & Son is held by insiders.
Percentage Held by Institutions
64.62% of the stock of Bank of N.T. Butterfield & Son is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Bank of N.T. Butterfield & Son are expected to decrease by -7.01% in the coming year, from $4.71 to $4.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of N.T. Butterfield & Son is 6.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.75.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of N.T. Butterfield & Son is 6.15, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.95.
Price to Book Value per Share Ratio
Bank of N.T. Butterfield & Son has a P/B Ratio of 1.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Bank of N.T. Butterfield & Son Stock (NYSE:NTB)

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 interest bearing and non-interest bearing deposits. The company's lending portfolio includes residential mortgage lending, automobile lending, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans. It also offers investment products and services; and cash and liquidity management, foreign exchange, custody administration, and settlement services. In addition, the company provides personal and property/auto insurance products; letters of credit; and cash management, payroll, remote banking, money market, advisory, brokerage, trust, estate, company management, wealth management, and fiduciary services. Further, it offers debit cards; automated teller machines; and personal and business deposit, merchant acquiring, and mobile and internet banking services. The company operates through offices in the Cayman Islands, Guernsey, Jersey, the United Kingdom, The Bahamas, Switzerland, Singapore, Mauritius, and Canada. It also operates through multiple branches in Bermuda and the Cayman Islands. The company was founded in 1858 and is headquartered in Hamilton, Bermuda.

NTB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NTB Stock News Headlines

November 2, 2023 | finance.yahoo.com

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Looks Interesting, And It's About To Pay A Dividend

October 26, 2023 | finance.yahoo.com

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Q3 2023 Earnings Call Transcript

December 1, 2023 | Wealthpress (Ad)

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October 25, 2023 | seekingalpha.com

The Bank of N.T. Butterfield & Son Limited 2023 Q3 - Results - Earnings Call Presentation

October 25, 2023 | finanznachrichten.de

The Bank of N.T. Butterfield & Son Limited Reports Third Quarter 2023 Results

October 24, 2023 | finance.yahoo.com

Butterfield Reports Third Quarter 2023 Results

October 24, 2023 | finance.yahoo.com

Bank of NT Butterfield & Son (NTB) Surpasses Q3 Earnings Estimates

October 24, 2023 | finance.yahoo.com

Bank of NT Butterfield & Son (NTB) Reports Q3 Earnings: What Key Metrics Have to Say

December 1, 2023 | Edge On The Street (Ad)

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October 23, 2023 | msn.com

The Bank of N.T. Butterfield & Son Q3 2023 Earnings Preview

October 17, 2023 | finance.yahoo.com

Earnings Preview: Bank of NT Butterfield & Son (NTB) Q3 Earnings Expected to Decline

October 13, 2023 | msn.com

Butterfield Bank Shares Dip on NYSE as RG/BSX Index Remains Steady

October 13, 2023 | markets.businessinsider.com

Analyst Expectations for Bank of N.T Butterfield's Future

October 13, 2023 | msn.com

Goldman Sachs Maintains Bank of N T Butterfield & Son (NTB) Buy Recommendation

October 10, 2023 | finance.yahoo.com

Butterfield to Announce Third Quarter 2023 Financial Results on October 24, 2023 and Host Earnings Conference Call on October 25, 2023

October 1, 2023 | investing.com

Bank of N.T. Butterfield & Son Showcases Steady Growth and Profitability

September 28, 2023 | finance.yahoo.com

After Plunging -7.6% in 4 Weeks, Here's Why the Trend Might Reverse for Bank of NT Butterfield & Son (NTB)

September 24, 2023 | msn.com

The Bank Of N.T. Butterfield & Son Limited - Operationally A Very Solid Business

September 2, 2023 | finance.yahoo.com

Positive earnings growth hasn't been enough to get Bank of N.T. Butterfield & Son (NYSE:NTB) shareholders a favorable return over the last five years

August 26, 2023 | money.usnews.com

Bank of N T Butterfield & Son Ltd.

August 23, 2023 | thestreet.com

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

August 4, 2023 | finance.yahoo.com

Bank of N.T. Butterfield & Son (NYSE:NTB) Is Due To Pay A Dividend Of $0.44

August 1, 2023 | seekingalpha.com

The Bank of N.T. Butterfield & Son Limited 2023 Q2 - Results - Earnings Call Presentation

August 1, 2023 | finance.yahoo.com

Bank of NT Butterfield & Son (NTB) Reports Q2 Earnings: What Key Metrics Have to Say

July 31, 2023 | finance.yahoo.com

Butterfield Reports Second Quarter 2023 Results

July 31, 2023 | finance.yahoo.com

Bank of NT Butterfield & Son (NTB) Q2 Earnings and Revenues Lag Estimates

July 31, 2023 | seekingalpha.com

The Bank of N.T. Butterfield & Son Q2 2023 Earnings Preview

See More Headlines

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Company Calendar

Last Earnings: 10/25/2023
Ex-Dividend for 11/22 Dividend: 11/07/2023
Dividend Payable: 11/22/2023
Today: 12/01/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/12/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:NTB
CUSIP: N/A
CIK: 1653242
Web: www.bm.butterfieldgroup.com
Phone: (441) 295-1111
Fax: N/A
Employees: 1,341
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $32.00
High Stock Price Target: $36.00
Low Stock Price Target: $29.00
Potential Upside/Downside: +10.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.71
Trailing P/E Ratio: 6.15
Forward P/E Ratio: 6.15
P/E Growth: N/A
Net Income: $214.02 million
Net Margins: 33.25%
Pretax Margin: 33.58%
Return on Equity: 26.06%
Return on Assets: 1.75%

Debt

Debt-to-Equity Ratio: 0.11
Current Ratio: 0.61
Quick Ratio: 0.61

Sales & Book Value

Annual Sales: $549.30 million
Price / Sales: 2.65
Cash Flow: $5.32 per share
Price / Cash Flow: 5.44
Book Value: $18.37 per share
Price / Book: 1.58

Miscellaneous

Outstanding Shares: 50,250,000
Free Float: 49,651,000
Market Cap: $1.45 billion
Optionable: Not Optionable
Beta: 1.35

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Key Executives

Mr. Michael W. Collins (Age 60)
Chairman & CEO
Mr. Michael L. Schrum (Age 55)
President, Group Chief Risk Officer & Executive Director
Mr. Craig Bridgewater (Age 53)
Group Chief Financial Officer
Noah Fields
Head of Investor Relations
Mr. Shaun Morris (Age 63)
Group Chief Legal Officer & General Counsel
Ms. Bri Hidalgo (Age 43)
Head of Compliance & Operational Risk
Mr. Kevin Dallas (Age 44)
Group Head of Marketing & Communications
Mr. Andrew Burns (Age 45)
Executive VP & Group Head of Human Resources
Mr. Michael A. McWatt (Age 58)
Managing Director of Butterfield Bank (Cayman) Limited
Mr. Michael Neff (Age 60)
Managing Director of Bermuda & International Wealth

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NTB Stock Analysis - Frequently Asked Questions

Should I buy or sell Bank of N.T. Butterfield & Son stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of N.T. Butterfield & Son in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NTB shares.
View NTB analyst ratings or view top-rated stocks.
What is Bank of N.T. Butterfield & Son's stock price target for 2024?: 4 Wall Street research analysts have issued 1-year target prices for Bank of N.T. Butterfield & Son's stock. Their NTB share price targets range from $29.00 to $36.00. On average, they expect the company's stock price to reach $32.00 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
View analysts price targets for NTB or view top-rated stocks among Wall Street analysts.
How have NTB shares performed in 2023?: Bank of N.T. Butterfield & Son's stock was trading at $29.81 on January 1st, 2023. Since then, NTB stock has decreased by 2.9% and is now trading at $28.95.
View the best growth stocks for 2023 here.
When is Bank of N.T. Butterfield & Son's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, February 12th 2024.
View our NTB earnings forecast.
How were Bank of N.T. Butterfield & Son's earnings last quarter?: The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) posted its quarterly earnings data on Wednesday, October, 25th. The bank reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. The bank had revenue of $141.70 million for the quarter, compared to analyst estimates of $143.86 million. Bank of N.T. Butterfield & Son had a net margin of 33.25% and a trailing twelve-month return on equity of 26.06%. The business's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 earnings per share.
How often does Bank of N.T. Butterfield & Son pay dividends? What is the dividend yield for Bank of N.T. Butterfield & Son?: Bank of N.T. Butterfield & Son declared a quarterly dividend on Tuesday, October 24th. Shareholders of record on Wednesday, November 8th will be given a dividend of $0.44 per share on Wednesday, November 22nd. This represents a $1.76 annualized dividend and a yield of 6.08%. The ex-dividend date is Tuesday, November 7th.
Read our dividend analysis for NTB.

Is Bank of N.T. Butterfield & Son a good dividend stock?: Bank of N.T. Butterfield & Son (NYSE:NTB) pays an annual dividend of $1.76 per share and currently has a dividend yield of 6.35%. NTB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 37.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NTB will have a dividend payout ratio of 40.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NTB.
What ETFs hold Bank of N.T. Butterfield & Son's stock?: ETFs with the largest weight of Bank of N.T. Butterfield & Son (NYSE:NTB) stock in their portfolio include Davis Select International ETF (DINT), Davis Select Financial ETF (DFNL), Invesco KBW High Dividend Yield Financial ETF (KBWD) and Davis Select Worldwide ETF (DWLD).Natixis Vaughan Nelson Mid Cap ETF (VNMC).
What other stocks do shareholders of Bank of N.T. Butterfield & Son own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of N.T. Butterfield & Son investors own include Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), AMC Entertainment (AMC), Associated British Foods (ABF), Chaarat Gold (CGH), Ciena (CIEN), Apollo Global Management (APO), China Unicom (Hong Kong) (CHU) and First Data (FDC).
When did Bank of N.T. Butterfield & Son IPO?: (NTB) raised $249 million in an IPO on Friday, September 16th 2016. The company issued 10,600,000 shares at a price of $22.00-$25.00 per share. Goldman Sachs, Citigroup and Sandler O'Neill + Partners acted as the underwriters for the IPO and Keefe, Bruyette & Woods (A Stifel Company), Raymond James and Wells Fargo Securities were co-managers.
Who are Bank of N.T. Butterfield & Son's major shareholders?: Bank of N.T. Butterfield & Son's stock is owned by many different retail and institutional investors. Top institutional investors include Davis Selected Advisers (6.38%), Adage Capital Partners GP L.L.C. (3.52%), Invesco Ltd. (1.61%), JPMorgan Chase & Co. (1.51%), Vaughan Nelson Investment Management L.P. (0.80%) and Charles Schwab Investment Management Inc. (0.68%).
How do I buy shares of Bank of N.T. Butterfield & Son?: Shares of NTB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:NTB) was last updated on 12/1/2023 by MarketBeat.com Staff

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Bank of N.T. Butterfield & Son Stock Price, News & Analysis (NYSE:NTB)

Bank of N.T. Butterfield & Son MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

Company Ownership

Earnings and Valuation

About Bank of N.T. Butterfield & Son Stock (NYSE:NTB)

NTB Stock Price History

NTB Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

NTB Stock Analysis - Frequently Asked Questions

Overall MarketRank^™