Bank of N.T. Butterfield & Son (NYSE:NTB) Hits New 12-Month High Following Analyst Upgrade

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB)’s share price hit a new 52-week high on Wednesday after Keefe, Bruyette & Woods raised their price target on the stock from $52.00 to $58.00. Keefe, Bruyette & Woods currently has a market perform rating on the stock. Bank of N.T. Butterfield & Son traded as high as $55.84 and last traded at $53.1460, with a volume of 153028 shares. The stock had previously closed at $52.78.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of N.T. Butterfield & Son in a report on Thursday, January 22nd. Zacks Research cut Bank of N.T. Butterfield & Son from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $52.67.

Bank of N.T. Butterfield & Son News Roundup

Here are the key news stories impacting Bank of N.T. Butterfield & Son this week:

• Positive Sentiment: Q4 earnings beat — NTB reported $1.54 EPS vs. $1.46 expected and revenue topped estimates; management highlighted strong core net performance and solid margins, which drove the immediate positive market reaction. Earnings Beat
• Positive Sentiment: Share repurchase — Board approved a $3.0M open‑market buyback, signaling management thinks the stock is undervalued and providing direct support to EPS. Buyback Announcement
• Positive Sentiment: Dividend increase/maintenance — Company declared a $0.50 quarterly dividend (ex‑dividend Feb 23; yield ~3.8%), which supports income investors and signals confidence in cash flow. (Company release covered in earnings materials.) Dividend Notice
• Positive Sentiment: Analyst price target raised — Keefe, Bruyette & Woods bumped its target from $52 to $58 (market perform), implying roughly 9% upside vs. current levels and lending external validation to the quarter. Price Target Raise
• Neutral Sentiment: Management commentary and disclosures — Full Q4 earnings call transcript and presentation provide more color on revenue mix, capital, and strategy; useful for longer‑term modeling but largely confirm the beats already reported. Earnings Call Transcript Presentation
• Neutral Sentiment: Industry / peer comparison pieces — Analyst and investor write‑ups (e.g., AAII comparing NTB vs. regional peers) offer context but don’t immediately change fundamentals. AAII Comparison
• Negative Sentiment: Rising expense run‑rate — Management signaled a ~$92M quarterly expense run‑rate; higher operating costs could pressure future margins if revenue/fee growth doesn’t keep pace. Investors will watch upcoming quarters for cost control and M&A execution. Expense Run‑Rate

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Empowered Funds LLC boosted its position in shares of Bank of N.T. Butterfield & Son by 10.8% during the 4th quarter. Empowered Funds LLC now owns 171,835 shares of the bank’s stock valued at $8,561,000 after acquiring an additional 16,789 shares during the last quarter. Focus Partners Advisor Solutions LLC increased its holdings in shares of Bank of N.T. Butterfield & Son by 19.2% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 5,603 shares of the bank’s stock worth $279,000 after buying an additional 904 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Bank of N.T. Butterfield & Son by 21.8% in the 4th quarter. Cerity Partners LLC now owns 24,996 shares of the bank’s stock valued at $1,245,000 after acquiring an additional 4,471 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Bank of N.T. Butterfield & Son during the 4th quarter valued at approximately $205,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Bank of N.T. Butterfield & Son by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 704,254 shares of the bank’s stock valued at $35,086,000 after buying an additional 10,967 shares during the last quarter. 62.73% of the stock is owned by institutional investors.

Bank of N.T. Butterfield & Son Price Performance

The company has a 50-day simple moving average of $50.88 and a 200 day simple moving average of $46.76.

Bank of N.T. Butterfield & Son (NYSE:NTB) last posted its quarterly earnings data on Monday, February 9th. The bank reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.08. The business had revenue of $158.90 million during the quarter, compared to analysts’ expectations of $153.49 million. Bank of N.T. Butterfield & Son had a return on equity of 21.72% and a net margin of 28.27%.During the same period in the previous year, the business earned $1.34 earnings per share. As a group, sell-side analysts forecast that Bank of N.T. Butterfield & Son Limited will post 4.4 earnings per share for the current year.

Bank of N.T. Butterfield & Son Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, February 23rd will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, February 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.8%. Bank of N.T. Butterfield & Son’s payout ratio is 36.50%.

Bank of N.T. Butterfield & Son announced that its Board of Directors has authorized a stock repurchase program on Monday, December 8th that authorizes the company to buyback $140.00 million in shares. This buyback authorization authorizes the bank to buy up to 6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.