Wells Fargo & Co upgraded shares of Bank of N.T. Butterfield & Son (NYSE:NTB) from a market perform rating to an outperform rating in a report released on Tuesday, MarketBeat reports. The brokerage currently has $43.00 price target on the bank’s stock.

A number of other analysts also recently weighed in on NTB. Zacks Investment Research downgraded shares of Bank of N.T. Butterfield & Son from a buy rating to a hold rating in a research report on Friday, September 29th. Keefe, Bruyette & Woods reissued a buy rating and set a $38.00 target price on shares of Bank of N.T. Butterfield & Son in a research report on Sunday, October 8th. Finally, Citigroup downgraded shares of Bank of N.T. Butterfield & Son from a buy rating to a neutral rating and set a $37.00 target price for the company. in a research report on Monday, September 25th.

Bank of N.T. Butterfield & Son (NYSE:NTB) traded down $0.13 during trading on Tuesday, hitting $40.23. The stock had a trading volume of 279,351 shares, compared to its average volume of 344,358. The firm has a market capitalization of $2,200.00 and a P/E ratio of 21.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.60 and a quick ratio of 0.60. Bank of N.T. Butterfield & Son has a one year low of $29.81 and a one year high of $40.83.

Bank of N.T. Butterfield & Son (NYSE:NTB) last released its earnings results on Wednesday, October 25th. The bank reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The business had revenue of $112.49 million during the quarter, compared to the consensus estimate of $111.66 million. Bank of N.T. Butterfield & Son had a net margin of 22.83% and a return on equity of 19.90%. equities research analysts predict that Bank of N.T. Butterfield & Son will post 2.82 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in NTB. Ameritas Investment Partners Inc. increased its position in Bank of N.T. Butterfield & Son by 376.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,723 shares of the bank’s stock valued at $161,000 after purchasing an additional 3,732 shares during the period. BNP Paribas Arbitrage SA increased its position in Bank of N.T. Butterfield & Son by 7,428.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,722 shares of the bank’s stock valued at $195,000 after purchasing an additional 5,646 shares during the period. Quantbot Technologies LP grew its position in shares of Bank of N.T. Butterfield & Son by 20.6% during the 2nd quarter. Quantbot Technologies LP now owns 6,087 shares of the bank’s stock worth $207,000 after buying an additional 1,041 shares during the period. Amalgamated Bank acquired a new stake in shares of Bank of N.T. Butterfield & Son during the 2nd quarter worth approximately $242,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Bank of N.T. Butterfield & Son during the 3rd quarter worth approximately $250,000. 72.47% of the stock is owned by institutional investors and hedge funds.

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About Bank of N.T. Butterfield & Son

The Bank of N.T. Butterfield & Son Limited (the Bank) provides banking services and wealth management services. The Bank’s geographic segments include Bermuda, the Cayman Islands and Guernsey, where its banking operations are located, and The Bahamas, Switzerland, and the United Kingdom, where it offers specialized financial services.

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