Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB – Get Free Report) insider Andrew Ronald Burns sold 18,566 shares of the stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $61.27, for a total transaction of $1,137,538.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Bank of N.T. Butterfield & Son Stock Performance
NYSE:NTB opened at $61.28 on Friday. Bank of N.T. Butterfield & Son Limited has a one year low of $40.59 and a one year high of $62.46. The firm has a market cap of $2.57 billion, a P/E ratio of 10.77 and a beta of 0.51. The firm has a 50-day simple moving average of $59.26 and a 200-day simple moving average of $55.22.
Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) last announced its quarterly 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 net margin of 29.34% and a return on equity of 22.43%. The firm had revenue of $159.00 million during the quarter. On average, research analysts predict 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
Key Stories Impacting Bank of N.T. Butterfield & Son
Here are the key news stories impacting Bank of N.T. Butterfield & Son this week:
- Positive Sentiment: Butterfield reaffirmed its quarterly dividend of $0.50 per share, equivalent to $2.00 annually and a yield of roughly 3.3%. The payout ratio is about 35%, suggesting the dividend is supported by current earnings. Insider Selling and Dividend Announcement
- Positive Sentiment: An earnings-call report highlighted management’s potentially profitable Caribbean expansion, providing a possible growth catalyst for the Bermuda-based bank. Butterfield Earnings Call Signals Profitable Caribbean Push
- Positive Sentiment: Recent operating results remain solid: Butterfield reported quarterly EPS of $1.58 on $159 million in revenue, with a 29.34% net margin and 22.43% return on equity. Analysts expect approximately $6.25 in full-year EPS.
- Neutral Sentiment: Analyst sentiment remains generally favorable but cautious. The consensus rating is “Moderate Buy,” while the average price target of $59.50 is below the stock’s recent trading level. Wells Fargo raised its target to $61 but maintained an “equal weight” rating.
- Neutral Sentiment: Institutional ownership is substantial at 62.73%, with several firms recently increasing their positions. This provides some ownership support but does not offset the more immediate insider-selling signal.
- Negative Sentiment: Several insiders sold a combined roughly 62,800 shares for about $3.14 million. Director Jody Terence Feldman sold 7,500 shares—cutting his direct holdings by 56.76%—while Richard Saunders, Andrew Ronald Burns, and Tara Hidalgo each sold approximately 18,000 shares. The concentration of sales may pressure sentiment, particularly with NTB trading near its 12-month high. NTB Insider Trading Activity
Wall Street Analysts Forecast Growth
NTB has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on Bank of N.T. Butterfield & Son from $57.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, June 8th. Zacks Research cut Bank of N.T. Butterfield & Son from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Bank of N.T. Butterfield & Son in a research report on Thursday, July 2nd. 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 data from MarketBeat, Bank of N.T. Butterfield & Son presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.50.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the company. Millennium Management LLC boosted its position in shares of Bank of N.T. Butterfield & Son by 119.4% in the 3rd quarter. Millennium Management LLC now owns 395,731 shares of the bank’s stock worth $16,985,000 after purchasing an additional 215,397 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in Bank of N.T. Butterfield & Son during the 4th quarter worth $9,579,000. LSV Asset Management increased its position in Bank of N.T. Butterfield & Son by 26.5% during the 4th quarter. LSV Asset Management now owns 823,925 shares of the bank’s stock valued at $41,048,000 after buying an additional 172,666 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Bank of N.T. Butterfield & Son by 648.6% in the first quarter. Assenagon Asset Management S.A. now owns 193,754 shares of the bank’s stock valued at $10,168,000 after buying an additional 167,871 shares during the last quarter. Finally, UBS Group AG raised its stake in Bank of N.T. Butterfield & Son by 380.1% in the fourth quarter. UBS Group AG now owns 196,771 shares of the bank’s stock valued at $9,803,000 after buying an additional 155,784 shares during the last quarter. Institutional investors own 62.73% of the company’s stock.
About Bank of N.T. Butterfield & Son
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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