Bank of N.T. Butterfield & Son (NTB) Given “Neutral” Rating at Citigroup

Citigroup reissued their neutral rating on shares of Bank of N.T. Butterfield & Son (NYSE:NTB) in a research note issued to investors on Wednesday. Citigroup currently has a $42.00 target price on the bank’s stock.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Bank of N.T. Butterfield & Son from a hold rating to a buy rating and set a $43.00 target price on the stock in a report on Thursday, January 11th. Wells Fargo & Co upgraded Bank of N.T. Butterfield & Son from a market perform rating to an outperform rating and set a $43.00 price objective on the stock in a research note on Tuesday, January 9th.

Bank of N.T. Butterfield & Son (NTB) opened at $40.27 on Wednesday. Bank of N.T. Butterfield & Son has a fifty-two week low of $29.81 and a fifty-two week high of $41.38. The firm has a market capitalization of $2,141.24, a price-to-earnings ratio of 14.37, a P/E/G ratio of 1.94 and a beta of 1.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.60 and a quick ratio of 0.60.

Several institutional investors and hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC lifted its stake in shares of Bank of N.T. Butterfield & Son by 1.1% during the second quarter. Parametric Portfolio Associates LLC now owns 21,476 shares of the bank’s stock worth $732,000 after purchasing an additional 243 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of Bank of N.T. Butterfield & Son by 10.2% in the third quarter. GSA Capital Partners LLP now owns 16,292 shares of the bank’s stock worth $597,000 after acquiring an additional 1,511 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Bank of N.T. Butterfield & Son by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 194,532 shares of the bank’s stock worth $7,004,000 after acquiring an additional 1,568 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Bank of N.T. Butterfield & Son by 85.9% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 4,713 shares of the bank’s stock worth $171,000 after acquiring an additional 2,178 shares in the last quarter. Finally, American International Group Inc. lifted its stake in shares of Bank of N.T. Butterfield & Son by 8.1% in the third quarter. American International Group Inc. now owns 36,075 shares of the bank’s stock worth $1,322,000 after acquiring an additional 2,697 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

WARNING: This report was first reported by Markets Daily and is owned by of Markets Daily. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.themarketsdaily.com/2018/02/15/bank-of-n-t-butterfield-son-ntb-given-neutral-rating-at-citigroup.html.

About Bank of N.T. Butterfield & Son

The Bank of N.T. Butterfield & Son Limited (the Bank) provides banking services and wealth management services. The Bank’s geographic segments include Bermuda, the Cayman Islands and Guernsey, where its banking operations are located, and The Bahamas, Switzerland, and the United Kingdom, where it offers specialized financial services.

Receive News & Ratings for Bank of N.T. Butterfield & Son Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of N.T. Butterfield & Son and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply