Michael Collins Sells 75,000 Shares of Bank of N.T. Butterfield & Son (NYSE:NTB) Stock

Posted by Geri Gentry on Aug 21st, 2026

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB – Get Free Report) CEO Michael Collins sold 75,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $62.98, for a total value of $4,723,500.00. Following the completion of the sale, the chief executive officer directly owned 132,037 shares in the company, valued at approximately $8,315,690.26. This represents a 36.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Bank of N.T. Butterfield & Son Stock Performance

Bank of N.T. Butterfield & Son stock opened at $58.76 on Friday. The business’s 50-day simple moving average is $60.65 and its 200-day simple moving average is $56.38. The firm has a market capitalization of $2.46 billion, a PE ratio of 10.33 and a beta of 0.51. Bank of N.T. Butterfield & Son Limited has a 52 week low of $40.59 and a 52 week high of $64.17.

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. The firm had revenue of $159.00 million during the quarter. Bank of N.T. Butterfield & Son had a return on equity of 22.43% and a net margin of 29.34%. Research analysts forecast that Bank of N.T. Butterfield & Son Limited will post 6.25 earnings per share for the current year.

Bank of N.T. Butterfield & Son Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, August 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. Bank of N.T. Butterfield & Son’s payout ratio is 35.15%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wells Fargo & Company upped their target price on shares of Bank of N.T. Butterfield & Son from $57.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, June 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Bank of N.T. Butterfield & Son from $60.00 to $66.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd. 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 investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Bank of N.T. Butterfield & Son currently has a consensus rating of “Moderate Buy” and an average target price of $63.50.

Read Our Latest Stock Report on NTB

Institutional Trading of Bank of N.T. Butterfield & Son

Institutional investors and hedge funds 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% during the 3rd quarter. Millennium Management LLC now owns 395,731 shares of the bank’s stock valued at $16,985,000 after acquiring an additional 215,397 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Bank of N.T. Butterfield & Son in the fourth quarter worth about $9,579,000. LSV Asset Management raised its position in Bank of N.T. Butterfield & Son by 26.5% in the fourth quarter. LSV Asset Management now owns 823,925 shares of the bank’s stock worth $41,048,000 after purchasing an additional 172,666 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Bank of N.T. Butterfield & Son by 648.6% during the first quarter. Assenagon Asset Management S.A. now owns 193,754 shares of the bank’s stock worth $10,168,000 after purchasing an additional 167,871 shares during the period. Finally, UBS Group AG lifted its stake in Bank of N.T. Butterfield & Son by 380.1% during the fourth quarter. UBS Group AG now owns 196,771 shares of the bank’s stock worth $9,803,000 after purchasing an additional 155,784 shares during the period. 62.73% of the stock is currently owned by institutional investors.

Bank of N.T. Butterfield & Son Company Profile

(Get Free Report)

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.