Richard Saunders Sells 18,118 Shares of Bank of N.T. Butterfield & Son (NYSE:NTB) Stock

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) Director Richard Saunders sold 18,118 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $61.33, for a total value of $1,111,176.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Bank of N.T. Butterfield & Son Trading Down 0.7%

Shares of NYSE NTB opened at $61.28 on Friday. The stock has a market capitalization of $2.57 billion, a PE ratio of 10.77 and a beta of 0.51. Bank of N.T. Butterfield & Son Limited has a twelve month low of $40.59 and a twelve month high of $62.46. The stock has a fifty 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) last posted its earnings results on Tuesday, June 30th. The bank reported $1.58 earnings per share (EPS) 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 firm had revenue of $159.00 million for the quarter. On average, equities analysts predict 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. Shareholders of record on Wednesday, August 12th will be paid 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 yield of 3.3%. Bank of N.T. Butterfield & Son’s dividend payout ratio is 35.15%.

Analyst Ratings Changes

NTB has been the subject of several recent research reports. Weiss Ratings reissued a “buy (a-)” rating on shares of Bank of N.T. Butterfield & Son in a research note on Thursday, July 2nd. Zacks Research downgraded shares of Bank of N.T. Butterfield & Son from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Wells Fargo & Company increased their target price on shares of 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. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.50.

Institutional Investors Weigh In On Bank of N.T. Butterfield & Son

Several large investors have recently bought and sold shares of the stock. Seelaus Asset Management LLC boosted its stake in shares of Bank of N.T. Butterfield & Son by 4.1% in the 4th quarter. Seelaus Asset Management LLC now owns 6,275 shares of the bank’s stock valued at $313,000 after buying an additional 250 shares during the period. Raymond James Financial Inc. grew its position in shares of Bank of N.T. Butterfield & Son by 5.6% during the third quarter. Raymond James Financial Inc. now owns 6,162 shares of the bank’s stock worth $264,000 after buying an additional 328 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Bank of N.T. Butterfield & Son by 33.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,802 shares of the bank’s stock worth $95,000 after buying an additional 456 shares during the period. Cerity Partners LLC raised its holdings in Bank of N.T. Butterfield & Son by 3.2% in the second quarter. Cerity Partners LLC now owns 14,779 shares of the bank’s stock valued at $654,000 after acquiring an additional 457 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in Bank of N.T. Butterfield & Son by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 7,628 shares of the bank’s stock valued at $380,000 after acquiring an additional 492 shares in the last quarter. Hedge funds and other institutional investors own 62.73% of the company’s stock.

More Bank of N.T. Butterfield & Son News

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

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.