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


After KBW and Raymond James gave Bank of NT Butterfield & Son (NYSE: NTB) a Buy rating last month, the company received another Buy, this time from Sandler O’Neill. Analyst Alexander Twerdahl reiterated a Buy rating on Bank of NT Butterfield & Son today and set a price target of $58. The company’s shares opened today at $50.37, close to its 52-week high of $50.50.

According to TipRanks.com, Twerdahl is a 4-star analyst with an average return of 7.5% and a 65.6% success rate. Twerdahl covers the Financial sector, focusing on stocks such as The First Of Long Island Corp, Financial Institutions Inc, and First Bancorp Puerto Rico.

Currently, the analyst consensus on Bank of NT Butterfield & Son is a Strong Buy with an average price target of $56.33, representing an 11.8% upside. In a report issued on July 30, Raymond James also maintained a Buy rating on the stock with a $55 price target.

.

See today’s analyst top recommended stocks >>

Bank of NT Butterfield & Son’s market cap is currently $2.76B and has a P/E ratio of 15.79. The company has a Price to Book ratio of 3.27.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts