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

• Market cap: $1.62B
• 1 day: 0.64%
• 5 days: 3.32%
• 1 month: -6.38%
• 3 months: -0.87%
• 6 months: 0.45%
• Year to date: 3.69%
• 1 year: 28.77%
• 5 years: 106.41%
• 10 years: 52.28%
• Sector: Financials
• Industry: Commercial Banks

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, 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: 1,306

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 15

32% more call options, than puts

Call options by funds: $164K | Put options by funds: $124K

18% more repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 62

8% more funds holding

Funds holding: 180 [Q3] → 194 (+14) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

3% less capital invested

Capital invested by funds: $1.16B [Q3] → $1.13B (-$30.2M) [Q4]

1.18% less ownership

Funds ownership: 68.68% [Q3] → 67.5% (-1.18%) [Q4]

Research analyst outlook

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

• Low target: $44 17% upside
• Avg. target: $45 19% upside
• High target: $46 22% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Wells Fargo Timur Braziler 38% 1-year accuracy 12 / 32 met price target	22% upside $46	Overweight Maintained	12 Feb 2025
Keefe, Bruyette & Woods Timothy Switzer 54% 1-year accuracy 13 / 24 met price target	17% upside $44	Market Perform Maintained	12 Feb 2025