Bank of N.T. Butterfield & Son (NTB) Stock Forecast, Price & News

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

4 equities research analysts have issued 12-month price targets for Bank of N.T. Butterfield & Son's stock. Their NTB share price forecasts range from $33.00 to $40.00. On average, they expect the company's share price to reach $36.00 in the next year. This suggests a possible upside of 30.5% from the stock's current price.
View analysts price targets for NTB or view top-rated stocks among Wall Street analysts.

Bank of N.T. Butterfield & Son's stock was trading at $29.81 at the start of the year. Since then, NTB shares have decreased by 7.4% and is now trading at $27.59.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our NTB earnings forecast.

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) released its quarterly earnings data on Monday, July, 31st. The bank reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.15 by $0.01. The bank had revenue of $142.63 million for the quarter, compared to the consensus estimate of $145.40 million. Bank of N.T. Butterfield & Son had a trailing twelve-month return on equity of 27.38% and a net margin of 36.28%.

Bank of N.T. Butterfield & Son declared a quarterly dividend on Monday, July 31st. Shareholders of record on Monday, August 14th will be paid a dividend of $0.44 per share on Monday, August 28th. This represents a $1.76 annualized dividend and a yield of 6.38%. The ex-dividend date is Friday, August 11th.
Read our dividend analysis for NTB.

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).

Bank of N.T. Butterfield & Son (NYSE:NTB) pays an annual dividend of $1.76 per share and currently has a dividend yield of 6.34%. NTB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 36.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NTB will have a dividend payout ratio of 35.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NTB.

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).

(NTB) raised $249 million in an initial public offering 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.

Bank of N.T. Butterfield & Son trades on the New York Stock Exchange (NYSE) under the ticker symbol "NTB."

Bank of N.T. Butterfield & Son's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.26%), Hotchkis & Wiley Capital Management LLC (3.68%), Nuveen Asset Management LLC (2.79%), Nuveen Asset Management LLC (2.79%), Dimensional Fund Advisors LP (2.63%) and Thrivent Financial for Lutherans (2.23%).

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.

One share of NTB stock can currently be purchased for approximately $27.59.

Bank of N.T. Butterfield & Son (NYSE:NTB) has a market capitalization of $1.39 billion and generates $549.30 million in revenue each year. The bank earns $214.02 million in net income (profit) each year or $4.87 on an earnings per share basis.

The company employs 1,341 workers across the globe.

Bank of N.T. Butterfield & Son's mailing address is 65 FRONT STREET, HAMILTON D0, HM 12. The official website for the company is www.bm.butterfieldgroup.com. The bank can be reached via phone at (441) 295-1111.