Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB – Get Free Report) Director Richard Saunders sold 18,118 shares of Bank of N.T. Butterfield & Son stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $61.33, for a total transaction of $1,111,176.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Bank of N.T. Butterfield & Son Price Performance
Shares of NTB opened at $61.28 on Friday. The business’s 50 day simple moving average is $59.26 and its 200-day simple moving average is $55.22. The company has a market capitalization of $2.57 billion, a P/E ratio of 10.77 and a beta of 0.51. Bank of N.T. Butterfield & Son Limited has a one year low of $40.59 and a one year high of $62.46.
Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) last announced its earnings results on Tuesday, June 30th. The bank reported $1.58 earnings per share for the quarter. Bank of N.T. Butterfield & Son had a return on equity of 22.43% and a net margin of 29.34%.The company had revenue of $159.00 million during the quarter. On average, sell-side analysts anticipate that Bank of N.T. Butterfield & Son Limited will post 6.25 EPS for the current fiscal year.
Bank of N.T. Butterfield & Son Dividend Announcement
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of NTB. EverSource Wealth Advisors LLC grew its position in shares of Bank of N.T. Butterfield & Son by 204.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 779 shares of the bank’s stock worth $34,000 after buying an additional 523 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Bank of N.T. Butterfield & Son by 3,371.0% during the third quarter. PNC Financial Services Group Inc. now owns 1,076 shares of the bank’s stock worth $46,000 after buying an additional 1,045 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new position in Bank of N.T. Butterfield & Son in the third quarter valued at approximately $56,000. Los Angeles Capital Management LLC acquired a new position in Bank of N.T. Butterfield & Son in the fourth quarter valued at approximately $67,000. Finally, Kemnay Advisory Services Inc. bought a new position in Bank of N.T. Butterfield & Son in the fourth quarter valued at approximately $114,000. Institutional investors own 62.73% of the company’s stock.
Analyst Ratings Changes
Several research analysts have issued reports on NTB shares. Wells Fargo & Company upped their price objective on Bank of N.T. Butterfield & Son from $57.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, June 8th. Weiss Ratings reissued a “buy (a-)” rating on shares of Bank of N.T. Butterfield & Son in a research note on Thursday, July 2nd. Finally, Zacks Research downgraded Bank of N.T. Butterfield & Son from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Bank of N.T. Butterfield & Son presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.50.
Get Our Latest Analysis on Bank of N.T. Butterfield & Son
Bank of N.T. Butterfield & Son Company Profile
Bank of N.T. Butterfield & Son Limited, commonly known as Butterfield, is a Bermuda-based provider of banking and wealth management services. Founded in 1858, the firm has grown from a local colonial bank into an international financial institution. With a focus on personalized client service, Butterfield offers a comprehensive suite of banking and fiduciary solutions to private individuals, families, and corporate clients.
The bank’s core activities include private banking, retail and commercial lending, trust and corporate administration, and fund services.
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