Bank of NT Butterfield & Son (NTB) Received its Third Buy in a Row


After Raymond James and Wells Fargo gave Bank of NT Butterfield & Son (NYSE: NTB) a Buy rating last month, the company received another Buy, this time from KBW. Analyst Michael Perito reiterated a Buy rating on Bank of NT Butterfield & Son yesterday and set a price target of $49. The company’s shares closed on Friday at $41.23.

According to TipRanks.com, Perito is ranked #562 out of 5205 analysts.

Currently, the analyst consensus on Bank of NT Butterfield & Son is a Strong Buy with an average price target of $46.67, a 13.2% upside from current levels. In a report issued on February 20, Wells Fargo also maintained a Buy rating on the stock.

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The company has a one-year high of $53.63 and a one-year low of $29.43. Currently, Bank of NT Butterfield & Son has an average volume of 318.2K.

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The Bank of N.T. Butterfield & Son Ltd. provides community banking and wealth management business. It operates through the following geographical segments: Bermuda, the Cayman Islands, Guernsey, The Bahamas, Switzerland, and the United Kingdom.

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