Bank of N.T. Butterfield & Son (NTB)

• Market cap: $1.65B
• 1 day: 0.73%
• 5 days: 2.52%
• 1 month: -1.11%
• 3 months: 1.16%
• 6 months: 9.29%
• Year to date: 16.76%
• 1 year: 13.19%
• 5 years: 0.21%
• 10 years: 51.15%

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 Q3 regulatory filings by fund managers ($100M+ AUM)

120% more call options, than puts

Call options by funds: $380K | Put options by funds: $173K

68% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 19

49% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 47

8% more funds holding

Funds holding: 167 [Q2] → 180 (+13) [Q3]

7% more capital invested

Capital invested by funds: $1.04B [Q2] → $1.12B (+$72.7M) [Q3]

2.84% more ownership

Funds ownership: 63.39% [Q2] → 66.23% (+2.84%) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $41 10% upside
• Avg. target: $41 10% upside
• High target: $41 10% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Keefe, Bruyette & Woods Timothy Switzer 89% 1-year accuracy 17 / 19 met price target

10% upside $41

Market Perform Downgraded

2 Oct 2024