<div id="readability-page-1"><p>Bank of N.T. Butterfield &amp; Son (NYSE:NTB - Get Free Report) issued its earnings results on Tuesday. The bank reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.21, Zacks reports. The company had revenue of $153.30 million for the quarter, compared to analyst estimates of $147.92 million. Bank of N.T. Butterfield &amp; Son had a net margin of 27.05% and a return on equity of 21.16%. The company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS.</p><h2>Bank of N.T. Butterfield &amp; Son Price Performance</h2><p>Shares of NYSE:NTB opened at $41.93 on Wednesday. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 8.42 and a beta of 0.61. The firm's 50 day simple moving average is $43.61 and its 200 day simple moving average is $43.21. Bank of N.T. Butterfield &amp; Son has a fifty-two week low of $34.77 and a fifty-two week high of $46.89. </p><h2>Institutional Trading of Bank of N.T. Butterfield &amp; Son</h2><p>Hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in  Bank of N.T. Butterfield &amp; Son by 204.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 779 shares of the bank's stock worth $34,000 after buying an additional 523 shares during the period.  California State Teachers Retirement System raised its holdings in  Bank of N.T. Butterfield &amp; Son by 29.4% during the 2nd quarter. California State Teachers Retirement System now owns 2,717 shares of the bank's stock worth $120,000 after buying an additional 617 shares during the period.  Prudential Financial Inc. acquired a new stake in  Bank of N.T. Butterfield &amp; Son during the 2nd quarter worth approximately $243,000.  Tower Research Capital LLC TRC raised its holdings in  Bank of N.T. Butterfield &amp; Son by 397.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,703 shares of the bank's stock worth $297,000 after buying an additional 5,355 shares during the period.  Finally, Cerity Partners LLC raised its holdings in  Bank of N.T. Butterfield &amp; Son by 3.2% during the 2nd quarter. Cerity Partners LLC now owns 14,779 shares of the bank's stock worth $654,000 after buying an additional 457 shares during the period. 62.73% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Wall Street Analyst Weigh In</h2><p>Several research analysts have recently issued reports on the stock. Weiss Ratings  reaffirmed a &#34;buy (b)&#34; rating on shares of Bank of N.T. Butterfield &amp; Son in a research note on Wednesday, October 8th. Raymond James Financial  reaffirmed an &#34;outperform&#34; rating and issued a $50.00 target price (up previously from $44.00) on shares of Bank of N.T. Butterfield &amp; Son in a research note on Tuesday, July 8th. Wells Fargo &amp; Company  reaffirmed an &#34;equal weight&#34; rating and issued a $50.00 target price (down previously from $54.00) on shares of Bank of N.T. Butterfield &amp; Son in a research note on Monday, September 29th. Zacks Research raised shares of Bank of N.T. Butterfield &amp; Son from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research note on Tuesday, October 7th. Finally, Keefe, Bruyette &amp; Woods increased their price target on shares of Bank of N.T. Butterfield &amp; Son from $48.00 to $50.00 and gave the company a &#34;market perform&#34; rating in a research report on Friday, July 11th. One equities research analyst  has rated the stock with a Strong Buy rating, two have assigned  a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Bank of N.T. Butterfield &amp; Son  has an average rating of &#34;Moderate Buy&#34; and an average target price of $50.00.</p><p><b>Read Our Latest Stock Analysis on NTB</b></p><h2>Bank of N.T. Butterfield &amp; Son Company Profile</h2> (Get Free Report)<p>The Bank of N.T. Butterfield &amp; Son Ltd. provides community banking and wealth management business. The firm operates through the following geographical segments: Bermuda, the Cayman Islands, Channel Islands and the UK, and Other. The Bermuda and Cayman segments offer retail banking and wealth management.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Bank of N.T. Butterfield &amp; Son</li><li>What is a Bond Market Holiday? How to Invest and Trade</li><li>The Drone Arms Race: From Battlefield to Balance Sheet</li><li>How is Compound Interest Calculated?</li><li>Why Wall Street Is Backing These 3 Comeback Stocks</li><li>TSX Venture Exchange (Formerly Canadian Venture Exchange)</li><li>Intel's Breakout Quarter: More Than a Beat, It's a Declaration</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5UQg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5UQg"/></p><h2>Should You Invest $1,000 in Bank of N.T. Butterfield &amp; Son Right Now?</h2><p>Before you consider Bank of N.T. Butterfield &amp; Son, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of N.T. Butterfield &amp; Son wasn't on the list.</p><p>While Bank of N.T. Butterfield &amp; Son currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Bank of N.T. Butterfield & Son (NYSE:NTB) reported quarterly earnings of $1.51 per share, exceeding estimates by $0.21. The bank's revenue reached $153.30 million, surpassing expectations of $147.92 million, with a net margin of 27.05% and a return on equity of 21.16%. The stock opened at $41.93, with a market cap of $1.99 billion. Analysts have given the stock a "Moderate Buy" rating, with an average target price of $50.00. Institutional investors hold 62.73% of the shares.</p>

Bank of N.T. Butterfield & Son (NYSE:NTB) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS