The Bank of N.T. Butterfield & Son Limited (NTB) Can’t Be More Hot. Just Reaches All-Time High

February 15, 2018 - By Migdalia James

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. On Friday, October 6 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Keefe Bruyette & Woods maintained The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) on Wednesday, May 31 with “Buy” rating. The firm earned “Hold” rating on Friday, September 22 by Citigroup. The firm has “Hold” rating given on Monday, September 25 by Citigroup.

More notable recent The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) news were published by: Businesswire.com which released: “Butterfield to Acquire Deutsche Bank’s Banking and Custody Business in the …” on February 15, 2018, also Seekingalpha.com with their article: “IPO Preview: Bank Of NT Butterfield & Son Ltd.” published on September 12, 2016, Businesswire.com published: “The Bank of NT Butterfield & Son Limited Announces Closing of Initial Public …” on September 21, 2016. More interesting news about The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) were released by: Businesswire.com and their article: “Pamela Thomas-Graham Joins Butterfield Board” published on December 04, 2017 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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