Bank of N.T. Butterfield & Son
About: Bank of N.T Butterfield & Son Ltd is a full-service bank and wealth manager. It operates the business through three geographic segments, Bermuda, the Cayman Islands, the Channel Islands, and the UK. The company offers banking services, comprised of retail and corporate banking, and wealth management, which consists of trust, private banking, and asset management. The company generates a majority of its revenue from Bermuda, and the Cayman Islands segments.
Employees: 1,334
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
32% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 19
9% more capital invested
Capital invested by funds: $948M [Q1] → $1.03B (+$85.1M) [Q2]
4% more funds holding
Funds holding: 161 [Q1] → 167 (+6) [Q2]
0.25% more ownership
Funds ownership: 62.44% [Q1] → 62.69% (+0.25%) [Q2]
36% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 67
50% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]
72% less call options, than puts
Call options by funds: $846K | Put options by funds: $3M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Keefe, Bruyette & Woods Timothy Switzer 67% 1-year accuracy 2 / 3 met price target | 6%upside $41 | Market Perform Downgraded | 2 Oct 2024 |
Wells Fargo Jared Shaw 71% 1-year accuracy 32 / 45 met price target | 11%upside $43 | Overweight Maintained | 26 Jul 2024 |