The Bank of N.T. Butterfield & Son Limited (NTB) Can’t Be More Safe. Trades Significantly Higher

February 15, 2018 - By Dolores Ford

The stock of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) is a huge mover today! The stock increased 10.84% or $4.36 during the last trading session, reaching $44.63. About 952,887 shares traded or 191.50% up from the average. The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.
The move comes after 8 months positive chart setup for the $2.44 billion company. It was reported on Feb, 15 by Barchart.com. We have $46.86 PT which if reached, will make NYSE:NTB worth $122.00M more.

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Ratings Coverage

Among 5 analysts covering Bank of N.T. B… (NYSE:NTB), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Bank of N.T. B… had 8 analyst reports since October 11, 2016 according to SRatingsIntel. On Friday, October 6 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. As per Monday, September 25, the company rating was downgraded by Citigroup. Keefe Bruyette & Woods maintained it with “Buy” rating and $3700 target in Wednesday, May 31 report. The stock of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) earned “Hold” rating by Citigroup on Friday, September 22.

More notable recent The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) news were published by: Businesswire.com which released: “Butterfield to Acquire Deutsche Bank’s Banking and Custody Business in the …” on February 15, 2018, also Marketwatch.com with their article: “Bank of Butterfield Ltd.” published on September 15, 2016, Businesswire.com published: “The Bank of NT Butterfield & Son Limited Announces Pricing of Initial Public …” on September 15, 2016. More interesting news about The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) were released by: Businesswire.com and their article: “The Bank of NT Butterfield & Son Limited to Announce Third Quarter Earnings on …” published on October 11, 2016 as well as Seekingalpha.com‘s news article titled: “IPO Preview: Bank Of NT Butterfield & Son Ltd.” with publication date: September 12, 2016.

The Bank of N.T. Butterfield & Son Limited, a community bank, provides various specialized financial services to individuals, and small to medium-sized and privately owned businesses primarily in Bermuda. The company has market cap of $2.44 billion. The firm accepts retail and corporate checking, savings, term, and non-interest bearing deposits, as well as certificates of deposits. It has a 23.82 P/E ratio. 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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