Several brokerages have updated their recommendations and price targets on shares of Bank of N.T. Butterfield & Son Limited (The) (NYSE: NTB) in the last few weeks:

  • 9/12/2017 – Bank of N.T. Butterfield & Son Limited (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $36.00 price target on the 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. “
  • 9/8/2017 – Bank of N.T. Butterfield & Son Limited (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 9/5/2017 – Bank of N.T. Butterfield & Son Limited (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $37.00 price target on the 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. “
  • 9/2/2017 – Bank of N.T. Butterfield & Son Limited (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 8/26/2017 – Bank of N.T. Butterfield & Son Limited (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 8/9/2017 – Bank of N.T. Butterfield & Son Limited (The) was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $39.00 price target on the 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. “

Shares of Bank of N.T. Butterfield & Son Limited (NYSE:NTB) traded up 1.39% during mid-day trading on Thursday, reaching $34.27. The company’s stock had a trading volume of 42,226 shares. The company has a 50-day moving average of $33.38 and a 200-day moving average of $33.35. The company has a market cap of $1.87 billion and a P/E ratio of 22.35. Bank of N.T. Butterfield & Son Limited has a 12 month low of $23.75 and a 12 month high of $35.68.

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) last posted 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. The firm had revenue of $110.16 million for the quarter, compared to the consensus estimate of $109.32 million. Bank of N.T. Butterfield & Son Limited (The) had a net margin of 19.54% and a return on equity of 17.93%. Equities research analysts forecast that Bank of N.T. Butterfield & Son Limited will post $2.76 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Monday, August 14th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Thursday, August 10th. Bank of N.T. Butterfield & Son Limited (The)’s dividend payout ratio is currently 84.21%.

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.

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