After Making All-Time High, Is The Bank of N.T. Butterfield & Son Limited (NTB)’s Near-Term Analysis Positive?

February 15, 2018 - By Vivian Park

The stock of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) reached all time high today, Feb, 15 and still has $47.90 target or 7.00 % above today’s $44.77 share price. This indicates more upside for the $2.45B company. This technical setup was reported by Barchart.com. If the $47.90 PT is reached, the company will be worth $171.36 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 11.17% or $4.5 during the last trading session, reaching $44.77. About 865,126 shares traded or 164.65% up from the average. The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Ratings Coverage

Among 5 analysts covering Bank of N.T. B… (NYSE:NTB), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Bank of N.T. B… had 8 analyst reports since October 11, 2016 according to SRatingsIntel. Citigroup downgraded the shares of NTB in report on Friday, September 22 to “Hold” rating. On Wednesday, May 31 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The rating was maintained by Keefe Bruyette & Woods on Friday, October 6 with “Buy”. The stock has “Hold” rating by Citigroup on Monday, September 25.

More notable recent The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) news were published by: Marketwatch.com which released: “Bank of Butterfield Ltd.” on September 15, 2016, also Businesswire.com with their article: “Butterfield to Acquire Deutsche Bank’s Banking and Custody Business in the …” published on February 15, 2018, Nasdaq.com published: “Bank of NT Butterfield & Son Limited (NTB) Ex-Dividend Date Scheduled for …” on August 09, 2017. More interesting news about The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) were released by: Businesswire.com and their article: “The Bank of NT Butterfield & Son Limited Announces Closing of Initial Public …” published on September 21, 2016 as well as Streetinsider.com‘s news article titled: “BANK OF NT BUTTERFIELD & SON LTD (NTB) Reports Acquisition of Global Trust …” with publication date: October 25, 2017.

The Bank of N.T. Butterfield & Son Limited, a community bank, provides various specialized financial services to individuals, and small to medium-sized and privately owned businesses primarily in Bermuda. The company has market cap of $2.45 billion. The firm accepts retail and corporate checking, savings, term, and non-interest bearing deposits, as well as certificates of deposits. It has a 23.89 P/E ratio. The Company’s lending portfolio includes residential mortgage lending, automobile financing, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans.

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