NYSE:NTB

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

$34.00

+0.12 (+0.35%)

(As of 12/8/2022 12:00 AM ET)

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Today's Range: $33.36
▼
$34.03
50-Day Range: $31.15
▼
$35.79
52-Week Range: $28.67
▼
$41.69

Volume: 204,908 shs
Average Volume: 121,852 shs
Market Capitalization: $1.71 billion

P/E Ratio: 8.79
Dividend Yield: 5.19%
Price Target: $41.75

Bank of N.T. Butterfield & Son MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 22.8% Upside
$41.75 Price Target
Short Interest: Healthy
1.44% 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: 14.82%
From $4.25 to $4.88 Per Share

Overall MarketRank^™

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

2.44 out of 5 stars

Finance Sector

388th out of 862 stocks

Commercial Banks, Not Elsewhere Classified Industry

20th out of 36 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 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $41.75, Bank of N.T. Butterfield & Son has a forecasted upside of 22.8% from its current price of $34.00.
Amount of Analyst Coverage
Bank of N.T. Butterfield & Son has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.44% 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 5.1.
Change versus previous month
Short interest in Bank of N.T. Butterfield & Son has recently decreased by 7.65%, 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 5.19%, 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 45.48%. 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 36.07% 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.

2.1

News and Social Media Coverage

News Sentiment
Bank of N.T. Butterfield & Son has a news sentiment score of -0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Bank of N.T. Butterfield & Son this week, compared to 0 articles on an average week.
Search Interest
2 people have searched for NTB on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
5 people have added Bank of N.T. Butterfield & Son to their MarketBeat watchlist in the last 30 days.

0.0

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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Bank of N.T. Butterfield & Son are expected to grow by 14.82% in the coming year, from $4.25 to $4.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of N.T. Butterfield & Son is 8.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of N.T. Butterfield & Son is 8.79, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 176.81.
Price to Book Value per Share Ratio
Bank of N.T. Butterfield & Son has a P/B Ratio of 1.87. 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 (NYSE:NTB) Stock

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, as well as certificate of 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, 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 3 branches in Bermuda and 4 branches in the Cayman Islands. The Bank of N.T. Butterfield & Son Limited was founded in 1858 and is headquartered in Hamilton, Bermuda.

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NTB Stock News Headlines

December 5, 2022 | finance.yahoo.com

Ingrid Pierce Appointed Independent Director of Butterfield

November 22, 2022 | seekingalpha.com

Bank Of N.T. Butterfield & Son Underfollowed And Undervalued, Perhaps Capped On Growth

November 4, 2022 | finance.yahoo.com

Bank of N.T. Butterfield & Son (NYSE:NTB) Has Affirmed Its Dividend Of $0.44

November 1, 2022 | finance.yahoo.com

Butterfield Reports Third Quarter 2022 Results

November 1, 2022 | finance.yahoo.com

Bank of NT Butterfield & Son (NTB) Q3 Earnings and Revenues Surpass Estimates

October 12, 2022 | finance.yahoo.com

Butterfield to Announce Third Quarter 2022 Financial Results on October 31, 2022 and Host Earnings Conference Call on November 1, 2022

September 30, 2022 | finance.yahoo.com

Best Momentum Stocks to Buy for September 30th

September 30, 2022 | finance.yahoo.com

Best Income Stocks to Buy for September 30th

September 28, 2022 | seekingalpha.com

NTB The Bank of N.T. Butterfield & Son Limited

September 23, 2022 | finance.yahoo.com

Investing in Bank of N.T. Butterfield & Son (NYSE:NTB) three years ago would have delivered you a 32% gain

September 6, 2022 | msn.com

Credit Suisse sells its global trust business

August 17, 2022 | reuters.com

Bank of N T Butterfield & Son Ltd

August 17, 2022 | finance.yahoo.com

3 High-Yield Bank Stocks to Earn Passive Income for Years

August 11, 2022 | seekingalpha.com

Butterfield Bank: Q2 Earnings Overview For This 5.2%-Yielding Offshore Bank

August 3, 2022 | finance.yahoo.com

Why I Own NTB Stock

July 28, 2022 | seekingalpha.com

The Bank of N.T. Butterfield & Son Limited 2022 Q2 - Results - Earnings Call Presentation

July 26, 2022 | seekingalpha.com

The Bank of N.T. Butterfield & Son Limited (NTB) CEO Michael Collins on Q2 2022 Results - Earnings Call Transcript

July 25, 2022 | finance.yahoo.com

Bank of NT Butterfield & Son (NTB) Beats Q2 Earnings and Revenue Estimates

July 24, 2022 | markets.businessinsider.com

Here's what Wall Street expects from Bank of N T Butterfield Son's earnings

July 21, 2022 | nasdaq.com

Zacks.com featured highlights The Bank of N.T. Butterfield & Son, Wolfspeed and Spirit AeroSystems

July 19, 2022 | finance.yahoo.com

UBS (UBS) Earnings Expected to Grow: Should You Buy?

July 16, 2022 | seekingalpha.com

Bank of N.T. Butterfield & Son announces unsolicited mini-tender offer

July 15, 2022 | finance.yahoo.com

Butterfield Cautions Shareholders Regarding New York Stock and Bond LLC Mini-Tender Offer for Shares

July 14, 2022 | benzinga.com

Goldman Sachs Maintains Buy Rating for Bank of N.T Butterfield: Here's What You Need To Know

July 11, 2022 | finance.yahoo.com

Butterfield to Announce Second Quarter 2022 Financial Results on July 25, 2022 and Host Earnings Conference Call on July 26, 2022

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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NTB Company Calendar

Last Earnings: 10/31/2022
Ex-Dividend for 11/28 Dividend: 11/10/2022
Dividend Payable: 11/28/2022
Today: 12/09/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/13/2023

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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: 1,277
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $41.75
High Stock Price Forecast: $47.00
Low Stock Price Forecast: $35.00
Forecasted Upside/Downside: +22.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.87
Trailing P/E Ratio: 8.79
Forward P/E Ratio: 8.00
P/E Growth: N/A
Net Income: $162.67 million
Net Margins: 34.72%
Pretax Margin: 35.38%
Return on Equity: 23.02%
Return on Assets: 1.33%

Debt

Debt-to-Equity Ratio: 0.23
Current Ratio: 0.61
Quick Ratio: 0.61

Sales & Book Value

Annual Sales: $499.70 million
Price / Sales: 3.42
Cash Flow: $4.35 per share
Price / Cash Flow: 7.82
Book Value: $18.17 per share
Price / Book: 1.87

Miscellaneous

Outstanding Shares: 50,250,000
Free Float: 49,651,000
Market Cap: $1.71 billion
Optionable: Not Optionable
Beta: 1.39

Key Executives

Mr. Michael W. Collins (Age 59)
Chairman & CEO

Mr. Michael L. Schrum (Age 54)
Pres, Group Chief Risk Officer & Exec. Director

Mr. Craig Bridgewater
Group Chief Financial Officer

Noah Fields
VP of Investor Relations

Mr. Shaun Morris (Age 62)
Group Chief Legal Officer & Gen. Counsel

Ms. Bri Hidalgo (Age 42)
Head of Compliance & Operational Risk

Mr. Kevin Dallas (Age 43)
Group Head of Marketing & Communications

Mr. Andrew Burns (Age 44)
Exec. VP & Group Head of HR

Mr. Michael A. McWatt (Age 57)
Managing Director of Butterfield Bank (Cayman) Limited

Mr. Jim Parker
Managing Director of Butterfield Trust (Switzerland) Limited

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NTB Stock - Frequently Asked Questions

Should I buy or sell Bank of N.T. Butterfield & Son stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of N.T. Butterfield & Son in the last year. There are currently 3 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 forecast for 2023?: 3 brokers have issued 1 year price objectives for Bank of N.T. Butterfield & Son's stock. Their NTB share price forecasts range from $35.00 to $47.00. On average, they expect the company's share price to reach $41.75 in the next year. This suggests a possible upside of 22.8% 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 2022?: Bank of N.T. Butterfield & Son's stock was trading at $38.11 at the beginning of the year. Since then, NTB shares have decreased by 10.8% and is now trading at $34.00.
View the best growth stocks for 2022 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 13th 2023.
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) released its quarterly earnings data on Monday, October, 31st. The bank reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.05. The bank had revenue of $141.07 million for the quarter, compared to analysts' expectations of $140.45 million. Bank of N.T. Butterfield & Son had a net margin of 34.72% and a trailing twelve-month return on equity of 23.02%.
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 Monday, October 31st. Shareholders of record on Monday, November 14th will be given a dividend of $0.44 per share on Monday, November 28th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date is Thursday, November 10th.
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 5.19%. NTB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 45.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NTB will have a dividend payout ratio of 36.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NTB.

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 $22.00-$25.00 per share. Goldman Sachs, Citigroup and Sandler O'Neill + Partners served as the underwriters for the IPO and Keefe, Bruyette & Woods (A Stifel Company), Raymond James and Wells Fargo Securities were co-managers.
What is Bank of N.T. Butterfield & Son's stock symbol?: Bank of N.T. Butterfield & Son trades on the New York Stock Exchange (NYSE) under the ticker symbol "NTB."
Who are Bank of N.T. Butterfield & Son's major shareholders?: 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 (6.82%), Grandeur Peak Global Advisors LLC (5.05%), BlackRock Inc. (4.87%), Macquarie Group Ltd. (3.20%), Dimensional Fund Advisors LP (2.01%) and Royce & Associates LP (1.79%).
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.
What is Bank of N.T. Butterfield & Son's stock price today?: One share of NTB stock can currently be purchased for approximately $34.00.
How much money does Bank of N.T. Butterfield & Son make?: Bank of N.T. Butterfield & Son (NYSE:NTB) has a market capitalization of $1.71 billion and generates $499.70 million in revenue each year. The bank earns $162.67 million in net income (profit) each year or $3.87 on an earnings per share basis.
How many employees does Bank of N.T. Butterfield & Son have?: The company employs 1,277 workers across the globe.
How can I contact Bank of N.T. Butterfield & Son?: 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.

This page (NYSE:NTB) was last updated on 12/9/2022 by MarketBeat.com Staff

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