Bank of N T Butterfield & Son Ltd (NYSE: NTB) is 16.03% higher on its value in year-to-date trading and has touched a low of $28.73 and a high of $40.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NTB stock was last observed hovering at around $36.89 in the last trading session, with the day’s gains setting it 0.25%.
Currently trading at $37.14, the stock is -0.60% and -1.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.12 million and changing 0.68% at the moment leaves the stock 4.28% off its SMA200. NTB registered 14.00% gain for a year compared to 6-month gain of 8.50%. The firm has a 50-day simple moving average (SMA 50) of $37.664 and a 200-day simple moving average (SMA200) of $35.58225.
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The stock witnessed a -3.41% loss in the last 1 month and extending the period to 3 months gives it a 0.60%, and is -1.20% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.20% over the week and 2.30% over the month.
Bank of N T Butterfield & Son Ltd (NTB) has around 1259 employees, a market worth around $1.70B and $573.10M in sales. Current P/E ratio is 8.26 and Fwd P/E is 9.07. Profit margin for the company is 36.70%. Distance from 52-week low is 29.27% and -8.41% from its 52-week high. The company has generated returns on investments over the last 12 months (20.80%).
with sales reaching $143.43M over the same period.The EPS is expected to grow by 6.80% this year, but quarterly earnings will post -1.08% year-over-year. Quarterly sales are estimated to shrink -2.36% in year-over-year returns.
Bank of N T Butterfield & Son Ltd (NTB) Top Institutional Holders
The shares outstanding are 45.78M, and float is at 45.24M with Short Float at 0.60%.
The top institutional shareholder in the company is FMR LLC with over 2.71 million shares valued at $95.07 million. The investor’s holdings represent 5.8173% of the NTB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.63 million shares valued at $92.4 million to account for 5.6542 of the shares outstanding. The other top investors are NUVEEN ASSET MANAGEMENT, LLC which holds 1.8 million shares representing 3.8604% and valued at over $63.09 million, while ROVIDA ADVISORS INC. holds 3.8541 of the shares totaling 1.79 million with a market value of $62.93 million.
Bank of N T Butterfield & Son Ltd (NTB) Insider Activity
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Still, SEC filings show that on Oct 25 ’24, Neff Michael Walter (Officer) Proposed Sale 1,500 shares at an average price of $38.00 for $57000.0. The insider now directly holds shares of Bank of N T Butterfield & Son Ltd (NTB).
