Bank of NT Butterfield & Son (NTB) Receives a Buy from KBW


KBW analyst Michael Perito reiterated a Buy rating on Bank of NT Butterfield & Son (NTB) yesterday and set a price target of $52. The company’s shares closed yesterday at $41.10.

According to TipRanks.com, Perito is ranked #548 out of 5188 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bank of NT Butterfield & Son with a $45 average price target, which is a 9.5% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock.

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Bank of NT Butterfield & Son’s market cap is currently $2.27B and has a P/E ratio of 12.27. The company has a Price to Book ratio of 2.61.

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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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