NTB

Bank of NT Butterfield & Son Ltd

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Advanced Chart

44.340

-0.93(-2.054%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

45.445

Open

44.890

VWAP

44.43

Vol

175.31K

Mkt Cap

1.93B

Low

44.070

Amount

7.79M

EV/EBITDA(TTM)

-0.10

Total Shares

46.22M

-27.60M

EV/OCF(TTM)

-0.04

P/S(TTM)

3.50

The Bank of N.T. Butterfield & Son Limited (the Bank) is a full-service bank and wealth manager. The Bank operates its business through three geographic segments: Bermuda, the Cayman Islands, and the Channel Islands and the United Kingdom (UK), where its principal banking operations are located and where it offers specialized financial services. The Bank offers banking services, comprised of retail and corporate banking, and wealth management, which consists of trust, private banking, and asset management. In the Bermuda and Cayman Islands segments, the Bank offers both banking and wealth management. In the Channel Islands and the UK segment, the Bank offers wealth management and residential property lending. The Bank also has operations in the jurisdictions of The Bahamas, Canada, Mauritius, Singapore, and Switzerland, which are included in its Other segment. The Bank offers a set of lending products and services including residential mortgage lending, automobile lending, and others.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

149.85M

-1.35%

1.310

-2.24%

146.52M

+1.68%

1.210

+4.31%

145.61M

+1.75%

1.180

+6.31%

Estimates Revision

The market is revising Upward the revenue expectations for The Bank of N.T. Butterfield & Son Limited (NTB) for FY2025, with the revenue forecasts being adjusted by 2% over the past three months. During the same period, the stock price has changed by 12.60%.

Revenue Estimates for FY2025

Revise Upward

+2%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+7.6%

In Past 3 Month

Stock Price

Go Up

+12.60%

In Past 3 Month

1 Analyst Rating

8.25% Upside

Wall Street analysts forecast NTB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NTB is 48.00 USD with a low forecast of 48.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

0 Buy

1 Hold

0 Sell

Hold

8.25% Upside

Current: 44.340

Low

48.00

Averages

48.00

High

48.00

8.25% Upside

Current: 44.340

Low

48.00

Averages

48.00

High

48.00

Keefe Bruyette

Timothy Switzer

Market Perform

maintain

$48 -> $50

2025-07-11

Reason

Keefe Bruyette

Timothy Switzer

Price Target

$48 -> $50

2025-07-11

maintain

Market Perform

Reason

Keefe Bruyette analyst Timothy Switzer raised the firm's price target on N.T. Butterfield to $50 from $48 and keeps a Market Perform rating on the shares.

Raymond James

David Feaster

Outperform

maintain

$44 -> $50

2025-07-08

Reason

Raymond James

David Feaster

Price Target

$44 -> $50

2025-07-08

maintain

Outperform

Reason

Raymond James analyst David Feaster raised the firm's price target on N.T. Butterfield to $50 from $44 and keeps an Outperform rating on the shares ahead of the Q2 earnings report. The firm expects relative stability in EPS estimates with a bias to the upside during the July reporting season, though the uncertainty about the trade war, economic backdrop, health of the consumer, and impact on credit costs highlight the bear case for bank stocks, the analyst tells investors in a research note. Raymond James expects loan growth forecasts to remain mostly stable to slightly improved, with some rebound already built into second half expectations, while net interest margin expansion should continue.

Keefe Bruyette

Market Perform

maintain

$44 -> $48

2025-04-25

Reason

Keefe Bruyette

Price Target

$44 -> $48

2025-04-25

maintain

Market Perform

Reason

Keefe Bruyette raised the firm's price target on N.T. Butterfield to $48 from $44 and keeps a Market Perform rating on the shares.

Keefe, Bruyette & Woods

Timothy Switzer

Hold

Maintains

$41 → $44

2025-02-12

Reason

Keefe, Bruyette & Woods

Timothy Switzer

Price Target

$41 → $44

2025-02-12

Maintains

Hold

Reason

Keefe Bruyette raised the firm's price target on N.T. Butterfield to $44 from $41 and keeps a Market Perform rating on the shares.

Wells Fargo

Timur Braziler

Buy

Maintains

$43 → $46

2025-02-12

Reason

Wells Fargo

Timur Braziler

Price Target

$43 → $46

2025-02-12

Maintains

Buy

Reason

Wells Fargo analyst Timur Braziler raised the firm's price target on N.T. Butterfield to $46 from $43 and keeps an Overweight rating on the shares. The firm notes a surprisingly large net interest income beat capped off what turned out to be a very stable 2024, despite the overly asset sensitive balance sheet. Net interest income risk lessens through 2025, but now at a much higher run-rate, driving EPS and price target revisions higher, Wells adds.

Keefe, Bruyette & Woods

Timothy Switzer

Buy

Hold

Downgrades

$44 → $41

2024-10-02

Reason

Keefe, Bruyette & Woods

Timothy Switzer

Price Target

$44 → $41

2024-10-02

Downgrades

Buy

Hold

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Bank of NT Butterfield & Son Ltd (NTB.N) is 8.95, compared to its 5-year average forward P/E of 8.50. For a more detailed relative valuation and DCF analysis to assess Bank of NT Butterfield & Son Ltd 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

8.50

Current PE

8.95

Overvalued PE

10.37

Undervalued PE

6.63

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

2.95

Current PS

3.23

Overvalued PS

3.40

Undervalued PS

2.50