Stock Repurchase Plan Authorized by Bank of N.T. Butterfield & Son (NYSE:NTB) Board of Directors

Bank of N.T. Butterfield & Son (NYSE:NTB) announced that its Board of Directors has authorized a share buyback plan on Monday, February 9th, RTT News reports. The company plans to repurchase $3.00 million in shares. This repurchase authorization allows the bank to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Bank of N.T. Butterfield & Son Price Performance

NYSE:NTB opened at $53.22 on Thursday. Bank of N.T. Butterfield & Son has a 1-year low of $34.85 and a 1-year high of $55.84. The stock 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 announced its quarterly earnings results on Monday, February 9th. The bank reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.08. The company 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 prior year, the company earned $1.34 EPS. On average, research analysts forecast that Bank of N.T. Butterfield & Son will post 4.4 earnings per share for the current year.

Bank of N.T. Butterfield & Son Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently commented on NTB. Zacks Research cut shares of Bank of N.T. Butterfield & Son from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of N.T. Butterfield & Son in a research note on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Bank of N.T. Butterfield & Son from $52.00 to $58.00 and gave the stock a “market perform” rating in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $52.67.

More Bank of N.T. Butterfield & Son News

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

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.