Bank of N.T. Butterfield & Son (NYSE:NTB) Receives “Maintains” Rating from Raymond James

Bank of N.T. Butterfield & Son (NYSE:NTBGet Rating)‘s stock had its “maintains” rating reissued by research analysts at Raymond James in a research note issued to investors on Wednesday, Benzinga reports.

A number of other equities analysts have also recently issued reports on NTB. StockNews.com assumed coverage on Bank of N.T. Butterfield & Son in a report on Thursday, March 31st. They set a “hold” rating on the stock. The Goldman Sachs Group increased their target price on Bank of N.T. Butterfield & Son from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, July 14th. Finally, Wells Fargo & Company upgraded Bank of N.T. Butterfield & Son from an “equal weight” rating to an “overweight” rating and set a $38.00 price objective on the stock in a research note on Thursday, July 7th.

Bank of N.T. Butterfield & Son Stock Performance

Bank of N.T. Butterfield & Son stock opened at $34.05 on Wednesday. The business has a 50 day moving average of $31.54 and a 200-day moving average of $34.50. Bank of N.T. Butterfield & Son has a 1 year low of $28.67 and a 1 year high of $41.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $1.83 billion, a P/E ratio of 9.67 and a beta of 1.57.

Bank of N.T. Butterfield & Son (NYSE:NTBGet Rating) last released its earnings results on Monday, July 25th. The bank reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. Bank of N.T. Butterfield & Son had a net margin of 32.94% and a return on equity of 18.98%. During the same quarter in the prior year, the firm posted $0.80 earnings per share. On average, equities research analysts predict that Bank of N.T. Butterfield & Son will post 4.11 earnings per share for the current year.

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

A number of large investors have recently modified their holdings of NTB. Leeward Investments LLC MA bought a new stake in shares of Bank of N.T. Butterfield & Son during the 1st quarter valued at about $23,279,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in Bank of N.T. Butterfield & Son in the 1st quarter worth approximately $15,161,000. Victory Capital Management Inc. purchased a new position in Bank of N.T. Butterfield & Son in the 4th quarter worth approximately $11,241,000. Allspring Global Investments Holdings LLC purchased a new position in Bank of N.T. Butterfield & Son in the 4th quarter worth approximately $8,574,000. Finally, Grandeur Peak Global Advisors LLC increased its stake in shares of Bank of N.T. Butterfield & Son by 9.1% during the first quarter. Grandeur Peak Global Advisors LLC now owns 2,585,072 shares of the bank’s stock valued at $92,752,000 after buying an additional 214,939 shares during the period.

Bank of N.T. Butterfield & Son Company Profile

(Get Rating)

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, as well as certificate of deposits.

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