Bank of N.T. Butterfield & Son (NTB) Stock Price, News & Analysis

Company Overview

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. 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, as well as overdraft facilities to commercial and corporate customers. 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, wealth management, and fiduciary services. Further, it offers debit and credit cards; automated teller machines; and personal and business deposit, merchant acquiring, residential and commercial mortgages, 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 in Bermuda and the Cayman Islands. The company was founded in 1784 and is headquartered in Hamilton, Bermuda.

Key Stats

• Today's Range: $35.54 to $36.93
• 50-Day Range: $35.97 to $39.43
• 52-Week Range: $28.73 to $40.55
• Volume: 828,719 shs
• Average Volume: 199,388 shs
• Market Capitalization: $1.83 billion
• P/E Ratio: 8.13
• Dividend Yield: 4.82%
• Price Target: $39.60
• Consensus Rating: Moderate Buy

Bank of N.T. Butterfield & Son Stock Analysis - MarketRank™

Bank of N.T. Butterfield & Son scored higher than 39% of companies evaluated by MarketBeat, and ranked 726th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Bank of N.T. Butterfield & Son has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Bank of N.T. Butterfield & Son has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -13.72%

Earnings Growth

Earnings for Bank of N.T. Butterfield & Son are expected to decrease by -13.72% in the coming year, from $4.52 to $3.90 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Bank of N.T. Butterfield & Son is 8.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.42.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bank of N.T. Butterfield & Son is 8.13, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.72.

Price to Book Value per Share Ratio

Bank of N.T. Butterfield & Son has a P/B Ratio of 1.83. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.58% 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 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bank of N.T. Butterfield & Son has recently increased by 21.31%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Bank of N.T. Butterfield & Son is a leading dividend payer. It pays a dividend yield of 4.68%, 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 39.20%. 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 45.13% next year. This indicates that Bank of N.T. Butterfield & Son will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.58% 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 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Bank of N.T. Butterfield & Son has recently increased by 21.31%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: N/A

News Sentiment

Bank of N.T. Butterfield & Son has a news sentiment score of 0.47. 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 0.75 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 2 articles on an average week.

Search Interest

Only 1 people have searched for NTB on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

1 people have added Bank of N.T. Butterfield & Son to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

Percentage Held by Institutions

62.73% of the stock of Bank of N.T. Butterfield & Son is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NTB Stock Analysis - Frequently Asked Questions

How have NTB shares performed this year?

Bank of N.T. Butterfield & Son's stock was trading at $32.01 on January 1st, 2024. Since then, NTB shares have increased by 14.1% and is now trading at $36.51.
View the best growth stocks for 2024 here.

How were Bank of N.T. Butterfield & Son's earnings last quarter?

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) issued its quarterly earnings results on Tuesday, October, 22nd. The bank reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.06. The company's quarterly revenue was up .7% compared to the same quarter last year.

When did Bank of N.T. Butterfield & Son IPO?

Bank of N.T. Butterfield & Son (NTB) raised $249 million in an initial public offering 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 acted as the underwriters for the IPO and Keefe, Bruyette & Woods (A Stifel Company), Raymond James and Wells Fargo Securities were co-managers.

Who are Bank of N.T. Butterfield & Son's major shareholders?

Top institutional investors of Bank of N.T. Butterfield & Son include FMR LLC, Thrivent Financial for Lutherans, Hotchkis & Wiley Capital Management LLC and State Street Corp.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Bank of N.T. Butterfield & Son own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Bank of N.T. Butterfield & Son investors own include JPMorgan Chase & Co. (JPM), Tesla (TSLA), Meta Platforms (META), Advanced Micro Devices (AMD), NVIDIA (NVDA), Home Depot (HD) and Netflix (NFLX).

Company Calendar

• Last Earnings: 10/22/2024
• Ex-Dividend for 11/19 Dividend: 11/05/2024
• Dividend Payable: 11/19/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Commercial banks, not elsewhere classified
• Sub-Industry: Banking
• Current Symbol: NYSE:NTB
• CUSIP: N/A
• CIK: 1653242
• Web: www.bm.butterfieldgroup.com
• Phone: (441) 295-1111
• Fax: N/A
• Employees: 1,334
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $39.60
• High Stock Price Target: $43.00
• Low Stock Price Target: $36.00
• Potential Upside/Downside: +8.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.49
• Trailing P/E Ratio: 8.13
• Forward P/E Ratio: 8.08
• P/E Growth: N/A
• Net Income: $225.49 million
• Net Margins: 25.93%
• Pretax Margin: 26.22%
• Return on Equity: 21.14%
• Return on Assets: 1.55%

Debt

• Debt-to-Equity Ratio: 0.09
• Current Ratio: 0.66
• Quick Ratio: 0.66

Sales & Book Value

• Annual Sales: $576.38 million
• Price / Sales: 3.18
• Cash Flow: $5.10 per share
• Price / Cash Flow: 7.16
• Book Value: $19.97 per share
• Price / Book: 1.83

Miscellaneous

• Outstanding Shares: 50,250,000
• Free Float: N/A
• Market Cap: $1.83 billion
• Optionable: Not Optionable
• Beta: 1.17