Shares of Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) have been given an average rating of “Buy” by the nine research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $49.00.

NTB has been the subject of a number of analyst reports. Wells Fargo & Co reiterated a “buy” rating and set a $45.00 price objective on shares of Bank of N.T. Butterfield & Son in a report on Wednesday, October 24th. Citigroup upgraded shares of Bank of N.T. Butterfield & Son from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $43.00 to $42.00 in a report on Tuesday, January 15th. Raymond James reduced their price objective on shares of Bank of N.T. Butterfield & Son from $56.00 to $49.00 and set an “outperform” rating for the company in a report on Monday, November 5th. TheStreet cut shares of Bank of N.T. Butterfield & Son from a “b-” rating to a “c” rating in a report on Wednesday, November 7th. Finally, Zacks Investment Research cut shares of Bank of N.T. Butterfield & Son from a “hold” rating to a “sell” rating in a report on Thursday, November 8th.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Bank of N.T. Butterfield & Son by 2.6% during the third quarter. BlackRock Inc. now owns 2,606,740 shares of the bank’s stock worth $135,185,000 after purchasing an additional 66,632 shares during the last quarter. Southpoint Capital Advisors LP boosted its holdings in Bank of N.T. Butterfield & Son by 6.3% during the third quarter. Southpoint Capital Advisors LP now owns 1,700,000 shares of the bank’s stock worth $88,162,000 after purchasing an additional 100,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Bank of N.T. Butterfield & Son by 6.3% during the third quarter. Vanguard Group Inc. now owns 855,100 shares of the bank’s stock worth $44,346,000 after purchasing an additional 50,363 shares during the last quarter. Vanguard Group Inc boosted its holdings in Bank of N.T. Butterfield & Son by 6.3% during the third quarter. Vanguard Group Inc now owns 855,100 shares of the bank’s stock worth $44,346,000 after purchasing an additional 50,363 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in Bank of N.T. Butterfield & Son by 7.8% during the fourth quarter. Raymond James & Associates now owns 827,487 shares of the bank’s stock worth $25,942,000 after purchasing an additional 59,684 shares during the last quarter. Institutional investors and hedge funds own 74.43% of the company’s stock.

Shares of NYSE NTB opened at $35.14 on Tuesday. The stock has a market cap of $1.92 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 1.46 and a beta of 1.77. Bank of N.T. Butterfield & Son has a 1 year low of $29.42 and a 1 year high of $53.63. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.16.

Bank of N.T. Butterfield & Son Company Profile

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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