Bank of N.T. Butterfield & Son (NTB) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Bank of N.T. Butterfield & Son (NYSE:NTB) from a hold rating to a buy rating in a research report sent to investors on Friday. Zacks Investment Research currently has $53.00 price objective on the bank’s stock.

According to Zacks, “The Bank of N.T. Butterfield & Son Limited offers bank and wealth management services. It provides retail and corporate banking products and services as well as wealth management solutions comprising trust, private banking and asset management. The company operates primarily in Bermuda, the Cayman Islands, Guernsey, The Bahamas, Switzerland and the United Kingdom. The Bank of N.T. Butterfield & Son Limited is headquartered in Hamilton, Bermuda. “

How to Become a New Pot Stock Millionaire

Several other research firms have also weighed in on NTB. Wells Fargo raised Bank of N.T. Butterfield & Son from a market perform rating to an outperform rating and set a $43.00 price target on the stock in a research report on Tuesday, January 9th. Citigroup reaffirmed a neutral rating and set a $42.00 price target on shares of Bank of N.T. Butterfield & Son in a research report on Wednesday, February 14th. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and set a $54.00 price target on shares of Bank of N.T. Butterfield & Son in a research report on Tuesday, February 27th.

Shares of Bank of N.T. Butterfield & Son (NTB) opened at $43.74 on Friday. Bank of N.T. Butterfield & Son has a 1 year low of $29.81 and a 1 year high of $47.60. The stock has a market capitalization of $2,392.23, a P/E ratio of 15.85, a P/E/G ratio of 2.13 and a beta of 0.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.61 and a quick ratio of 0.61.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its earnings results on Thursday, February 15th. The bank reported $0.76 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.76. The business had revenue of $118.50 million for the quarter, compared to analyst estimates of $113.41 million. Bank of N.T. Butterfield & Son had a return on equity of 20.27% and a net margin of 33.07%. equities analysts expect that Bank of N.T. Butterfield & Son will post 3.42 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.52 annualized dividend and a dividend yield of 3.48%. Bank of N.T. Butterfield & Son’s dividend payout ratio is currently 55.07%.

Several hedge funds and other institutional investors have recently modified their holdings of NTB. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Bank of N.T. Butterfield & Son by 85.9% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 4,713 shares of the bank’s stock worth $171,000 after acquiring an additional 2,178 shares during the period. FNY Partners Fund LP boosted its stake in shares of Bank of N.T. Butterfield & Son by 472.1% during the 4th quarter. FNY Partners Fund LP now owns 5,000 shares of the bank’s stock worth $181,000 after acquiring an additional 4,126 shares during the period. SG Americas Securities LLC bought a new position in shares of Bank of N.T. Butterfield & Son during the 3rd quarter worth approximately $250,000. Jane Street Group LLC bought a new position in shares of Bank of N.T. Butterfield & Son during the 3rd quarter worth approximately $288,000. Finally, Pitcairn Co. bought a new position in shares of Bank of N.T. Butterfield & Son during the 4th quarter worth approximately $370,000. Institutional investors own 69.79% of the company’s stock.

WARNING: “Bank of N.T. Butterfield & Son (NTB) Upgraded by Zacks Investment Research to “Buy”” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark law. The correct version of this article can be read at https://www.tickerreport.com/banking-finance/3301660/bank-of-n-t-butterfield-son-ntb-upgraded-by-zacks-investment-research-to-buy.html.

Bank of N.T. Butterfield & Son Company Profile

The Bank of N.T. Butterfield & Son Limited (the Bank) provides banking services and wealth management services. The Bank’s geographic segments include Bermuda, the Cayman Islands and Guernsey, where its banking operations are located, and The Bahamas, Switzerland, and the United Kingdom, where it offers specialized financial services.

Get a free copy of the Zacks research report on Bank of N.T. Butterfield & Son (NTB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bank of N.T. Butterfield & Son Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of N.T. Butterfield & Son and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

COMSA [XEM] Hits Market Capitalization of $0.00
COMSA [XEM] Hits Market Capitalization of $0.00
Uniti Group Inc.  Receives Average Recommendation of “Hold” from Brokerages
Uniti Group Inc. Receives Average Recommendation of “Hold” from Brokerages
Mettler Toledo  Given Consensus Rating of “Hold” by Analysts
Mettler Toledo Given Consensus Rating of “Hold” by Analysts
Theresa May Coin Price Reaches $0.0044
Theresa May Coin Price Reaches $0.0044
AECOM  Expected to Announce Quarterly Sales of $4.78 Billion
AECOM Expected to Announce Quarterly Sales of $4.78 Billion
Litecoin Cash Trading Up 34.3% This Week
Litecoin Cash Trading Up 34.3% This Week


© 2006-2018 Ticker Report. Google+.