Shares of Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) have earned a consensus rating of “Hold” from the nine brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $49.00.

NTB has been the subject of a number of recent research reports. Citigroup upgraded Bank of N.T. Butterfield & Son from a “neutral” rating to a “buy” rating and cut their price objective for the company from $43.00 to $42.00 in a research note on Tuesday, January 15th. ValuEngine upgraded Bank of N.T. Butterfield & Son from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Zacks Investment Research upgraded Bank of N.T. Butterfield & Son from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd.

Shares of NYSE:NTB traded up $0.55 during mid-day trading on Friday, reaching $37.71. 4,152 shares of the company traded hands, compared to its average volume of 329,187. The company has a market cap of $2.03 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 1.55 and a beta of 1.84. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.16. Bank of N.T. Butterfield & Son has a 52 week low of $29.42 and a 52 week high of $53.63.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its quarterly earnings data on Tuesday, February 19th. The bank reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.03. The company had revenue of $133.10 million during the quarter, compared to the consensus estimate of $131.96 million. Bank of N.T. Butterfield & Son had a return on equity of 22.98% and a net margin of 36.86%. During the same period in the previous year, the company posted $0.76 EPS. Equities research analysts predict that Bank of N.T. Butterfield & Son will post 4 earnings per share for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Friday, March 15th. Investors of record on Monday, March 4th will be issued a $0.44 dividend. The ex-dividend date is Friday, March 1st. This is a boost from Bank of N.T. Butterfield & Son’s previous dividend of $0.38.

A number of hedge funds and other institutional investors have recently bought and sold shares of NTB. Stratos Wealth Partners LTD. purchased a new stake in shares of Bank of N.T. Butterfield & Son during the 3rd quarter worth approximately $116,000. Ramsey Quantitative Systems purchased a new stake in shares of Bank of N.T. Butterfield & Son during the 4th quarter worth approximately $176,000. Amalgamated Bank purchased a new stake in shares of Bank of N.T. Butterfield & Son during the 4th quarter worth approximately $251,000. SG Americas Securities LLC purchased a new stake in shares of Bank of N.T. Butterfield & Son during the 4th quarter worth approximately $267,000. Finally, Virtu Financial LLC purchased a new stake in shares of Bank of N.T. Butterfield & Son during the 4th quarter worth approximately $275,000. 75.57% of the stock is currently owned by institutional investors.

About Bank of N.T. Butterfield & Son

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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