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

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.

4 brokers have issued twelve-month price targets for Bank of N.T. Butterfield & Son's stock. Their NTB share price forecasts range from $32.00 to $40.00. On average, they expect the company's share price to reach $35.75 in the next year. This suggests a possible upside of 33.2% 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 beginning of the year. Since then, NTB stock has decreased by 10.0% and is now trading at $26.84.
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Bank of N.T. Butterfield & Son saw a increase in short interest in May. As of May 15th, there was short interest totaling 899,200 shares, an increase of 20.0% from the April 30th total of 749,200 shares. Based on an average daily volume of 379,700 shares, the short-interest ratio is presently 2.4 days. Approximately 1.8% of the company's shares are short sold.
View Bank of N.T. Butterfield & Son's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our NTB earnings forecast.

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) posted its earnings results on Tuesday, April, 25th. The bank reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.08. The bank had revenue of $147.50 million for the quarter, compared to analyst estimates of $145.86 million. Bank of N.T. Butterfield & Son had a net margin of 36.85% and a trailing twelve-month return on equity of 27.78%. Bank of N.T. Butterfield & Son's quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.90 earnings per share.

Bank of N.T. Butterfield & Son announced a quarterly dividend on Monday, April 24th. Stockholders of record on Monday, May 8th will be given a dividend of $0.44 per share on Monday, May 22nd. This represents a $1.76 dividend on an annualized basis and a yield of 6.56%. The ex-dividend date is Friday, May 5th.
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 Timothy Plan Market Neutral ETF (TPMN), Davis Select International ETF (DINT), Davis Select Financial ETF (DFNL), Davis Select Worldwide ETF (DWLD), Invesco KBW High Dividend Yield Financial ETF (KBWD), Natixis Vaughan Nelson Mid Cap ETF (VNMC).iShares US Small Cap Value Factor ETF (SVAL) and

Bank of N.T. Butterfield & Son (NYSE:NTB) pays an annual dividend of $1.76 per share and currently has a dividend yield of 7.02%. NTB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 37.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NTB will have a dividend payout ratio of 37.05% 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 $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 a variety of retail and institutional investors. Top institutional investors include Davis Selected Advisers (6.49%), FMR LLC (5.41%), BlackRock Inc. (5.08%), Hotchkis & Wiley Capital Management LLC (3.71%), Macquarie Group Ltd. (3.07%) and Macquarie Group Ltd. (3.07%).

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.
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One share of NTB stock can currently be purchased for approximately $26.84.

Bank of N.T. Butterfield & Son (NYSE:NTB) has a market capitalization of $1.35 billion and generates $549.30 million in revenue each year. The bank earns $214.02 million in net income (profit) each year or $4.64 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.