Bank of N.T. Butterfield & Son Limited (The)’s (NTB) Buy Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their buy rating on shares of Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) in a research note published on Sunday. They currently have a $38.00 price objective on the bank’s stock.

Several other research firms also recently weighed in on NTB. Citigroup Inc. downgraded shares of Bank of N.T. Butterfield & Son Limited (The) from a buy rating to a neutral rating and set a $37.00 price target on the stock. in a research report on Monday, September 25th. Zacks Investment Research downgraded shares of Bank of N.T. Butterfield & Son Limited (The) from a buy rating to a hold rating in a research report on Friday, September 29th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $34.00.

Bank of N.T. Butterfield & Son Limited (NYSE:NTB) opened at 36.88 on Friday. The company has a 50-day moving average of $34.52 and a 200-day moving average of $33.78. The stock has a market capitalization of $2.01 billion and a price-to-earnings ratio of 24.06. Bank of N.T. Butterfield & Son Limited has a 1-year low of $25.02 and a 1-year high of $37.30.

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.67 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.67. Bank of N.T. Butterfield & Son Limited (The) had a net margin of 19.54% and a return on equity of 17.93%. The business had revenue of $110.16 million for the quarter, compared to the consensus estimate of $109.32 million. Analysts anticipate that Bank of N.T. Butterfield & Son Limited will post $2.77 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Bank of N.T. Butterfield & Son Limited (The)’s (NTB) Buy Rating Reiterated at Keefe, Bruyette & Woods” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/11/bank-of-n-t-butterfield-son-limited-thes-ntb-buy-rating-reiterated-at-keefe-bruyette-woods.html.

Several hedge funds have recently made changes to their positions in NTB. Point72 Asset Management L.P. bought a new stake in shares of Bank of N.T. Butterfield & Son Limited (The) during the 1st quarter valued at $22,417,000. State Street Corp raised its position in shares of Bank of N.T. Butterfield & Son Limited (The) by 340.7% during the 2nd quarter. State Street Corp now owns 859,224 shares of the bank’s stock valued at $29,300,000 after purchasing an additional 664,249 shares during the period. FMR LLC raised its position in shares of Bank of N.T. Butterfield & Son Limited (The) by 25.5% during the 2nd quarter. FMR LLC now owns 2,188,148 shares of the bank’s stock valued at $74,616,000 after purchasing an additional 445,000 shares during the period. Westfield Capital Management Co. LP raised its position in shares of Bank of N.T. Butterfield & Son Limited (The) by 57.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,117,360 shares of the bank’s stock valued at $38,102,000 after purchasing an additional 407,205 shares during the period. Finally, OppenheimerFunds Inc. bought a new stake in shares of Bank of N.T. Butterfield & Son Limited (The) during the 1st quarter valued at $12,888,000. Hedge funds and other institutional investors own 71.06% of the company’s stock.

Bank of N.T. Butterfield & Son Limited (The) Company Profile

The Bank of N.T. Butterfield & Son Limited (the Bank) provides banking services and wealth management services. The Bank&#

Several other research firms also recently weighed in on NTB. Citigroup Inc. downgraded shares of Bank of N.T. Butterfield & Son Limited (The) from a buy rating to a neutral rating and set a $37.00 price target on the stock. in a research report on Monday, September 25th. Zacks Investment Research downgraded shares of Bank of N.T. Butterfield & Son Limited (The) from a buy rating to a hold rating in a research report on Friday, September 29th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $34.00.

Bank of N.T. Butterfield & Son Limited (NYSE:NTB) opened at 36.88 on Friday. The company has a 50-day moving average of $34.52 and a 200-day moving average of $33.78. The stock has a market capitalization of $2.01 billion and a price-to-earnings ratio of 24.06. Bank of N.T. Butterfield & Son Limited has a 1-year low of $25.02 and a 1-year high of $37.30.

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.67 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.67. Bank of N.T. Butterfield & Son Limited (The) had a net margin of 19.54% and a return on equity of 17.93%. The business had revenue of $110.16 million for the quarter, compared to the consensus estimate of $109.32 million. Analysts anticipate that Bank of N.T. Butterfield & Son Limited will post $2.77 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Bank of N.T. Butterfield & Son Limited (The)’s (NTB) Buy Rating Reiterated at Keefe, Bruyette & Woods” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/11/bank-of-n-t-butterfield-son-limited-thes-ntb-buy-rating-reiterated-at-keefe-bruyette-woods.html.

Several hedge funds have recently made changes to their positions in NTB. Point72 Asset Management L.P. bought a new stake in shares of Bank of N.T. Butterfield & Son Limited (The) during the 1st quarter valued at $22,417,000. State Street Corp raised its position in shares of Bank of N.T. Butterfield & Son Limited (The) by 340.7% during the 2nd quarter. State Street Corp now owns 859,224 shares of the bank’s stock valued at $29,300,000 after purchasing an additional 664,249 shares during the period. FMR LLC raised its position in shares of Bank of N.T. Butterfield & Son Limited (The) by 25.5% during the 2nd quarter. FMR LLC now owns 2,188,148 shares of the bank’s stock valued at $74,616,000 after purchasing an additional 445,000 shares during the period. Westfield Capital Management Co. LP raised its position in shares of Bank of N.T. Butterfield & Son Limited (The) by 57.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,117,360 shares of the bank’s stock valued at $38,102,000 after purchasing an additional 407,205 shares during the period. Finally, OppenheimerFunds Inc. bought a new stake in shares of Bank of N.T. Butterfield & Son Limited (The) during the 1st quarter valued at $12,888,000. Hedge funds and other institutional investors own 71.06% of the company’s stock.

Bank of N.T. Butterfield & Son Limited (The) 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.

Analyst Recommendations for Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB)

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