Bank of N.T. Butterfield & Son Limited (The) (NTB) Issues Earnings Results

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) released its earnings results on Monday. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.07.

Bank of N.T. Butterfield & Son Limited (NYSE:NTB) opened at 32.51 on Wednesday. The stock has a market capitalization of $1.72 billion and a PE ratio of 25.66. The stock has a 50 day moving average price of $32.51 and a 200 day moving average price of $28.96. Bank of N.T. Butterfield & Son Limited has a 12 month low of $23.75 and a 12 month high of $34.59.

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A number of analysts have issued reports on the company. Zacks Investment Research raised Bank of N.T. Butterfield & Son Limited (The) from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Wednesday, December 28th. Citigroup Inc. reiterated a “buy” rating on shares of Bank of N.T. Butterfield & Son Limited (The) in a research report on Thursday, November 10th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $30.00.

A number of institutional investors have recently added to or reduced their stakes in the stock. Verition Fund Management LLC acquired a new position in Bank of N.T. Butterfield & Son Limited (The) during the third quarter valued at about $2,476,000. Raffles Associates LP acquired a new position in Bank of N.T. Butterfield & Son Limited (The) during the third quarter valued at about $248,000. Ardsley Advisory Partners acquired a new position in Bank of N.T. Butterfield & Son Limited (The) during the third quarter valued at about $2,476,000. Weiss Asset Management LP acquired a new position in Bank of N.T. Butterfield & Son Limited (The) during the third quarter valued at about $5,213,000. Finally, Citadel Advisors LLC acquired a new position in Bank of N.T. Butterfield & Son Limited (The) during the third quarter valued at about $11,577,000. 50.91% of the stock is currently owned by institutional investors and hedge funds.

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

The Bank of N.T. Butterfield & Son Limited (the Bank) is a full service bank and wealth manager. The Bank operates its business through six geographic segments: Bermuda, the Cayman Islands, and Guernsey, where its principal banking operations are located, and The Bahamas, Switzerland and the United Kingdom, where it offers specialized financial services.

5 Day Chart for NYSE:NTB

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