Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) has earned an average recommendation of “Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $52.20.

Several equities research analysts have recently weighed in on NTB shares. TheStreet upgraded Bank of N.T. Butterfield & Son from a “c” rating to a “b-” rating in a research note on Monday, September 17th. Zacks Investment Research upgraded Bank of N.T. Butterfield & Son from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Friday, July 13th. Finally, Raymond James boosted their target price on Bank of N.T. Butterfield & Son from $52.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, July 30th.

NTB stock opened at $50.90 on Wednesday. Bank of N.T. Butterfield & Son has a 1-year low of $34.86 and a 1-year high of $53.63. The company has a market capitalization of $2.84 billion, a PE ratio of 17.80, a P/E/G ratio of 2.37 and a beta of 0.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.61 and a current ratio of 0.61.

Bank of N.T. Butterfield & Son (NYSE:NTB) last released its quarterly earnings data on Wednesday, July 25th. The bank reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.04. Bank of N.T. Butterfield & Son had a return on equity of 21.83% and a net margin of 35.22%. The company had revenue of $129.34 million for the quarter, compared to analyst estimates of $126.52 million. Analysts forecast that Bank of N.T. Butterfield & Son will post 3.65 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Bank of N.T. Butterfield & Son by 32.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 91,121 shares of the bank’s stock worth $4,167,000 after acquiring an additional 22,370 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Bank of N.T. Butterfield & Son by 21.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 289,212 shares of the bank’s stock worth $13,304,000 after acquiring an additional 51,752 shares in the last quarter. Soros Fund Management LLC acquired a new position in shares of Bank of N.T. Butterfield & Son in the 2nd quarter worth approximately $4,359,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Bank of N.T. Butterfield & Son by 51.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 44,094 shares of the bank’s stock worth $2,016,000 after acquiring an additional 14,981 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its holdings in shares of Bank of N.T. Butterfield & Son by 2.6% in the 2nd quarter. OppenheimerFunds Inc. now owns 374,869 shares of the bank’s stock worth $17,139,000 after acquiring an additional 9,593 shares in the last quarter. 72.86% of the stock is currently owned by institutional investors and hedge funds.

Bank of N.T. Butterfield & Son Company Profile

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 non-interest bearing deposits, as well as certificates of deposits. The company's lending portfolio includes residential mortgage lending, automobile financing, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans.

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

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