Bank of N.T. Butterfield & Son (NTB)

• Market cap: $1.81B
• 1 day: 0.19%
• 5 days: -1.70%
• 1 month: 11.17%
• 3 months: 9.53%
• 6 months: 9.75%
• Year to date: 16.09%
• 1 year: 22.32%
• 5 years: 89.92%
• 10 years: 70.51%
• Sector: Financials
• Industry: Banks - Diversified

About: Bank of N.T Butterfield & Son Ltd is a full-service bank and wealth manager. It operates the business through three geographic segments, Bermuda, Cayman Islands, the Channel Islands and the UK. The company offers banking services, comprised of retail and corporate banking, and wealth management, which consists of trust, private banking, and asset management. The company generates a majority of its revenue from Bermuda, and the Cayman Islands segments.

Employees: 1,306

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

27% more call options, than puts

Call options by funds: $163K | Put options by funds: $128K

4% more capital invested

Capital invested by funds: $1.13B [Q4 2024] → $1.17B (+$41.7M) [Q1 2025]

1% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 68

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2024] → 1 (+0) [Q1 2025]

6% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 18

2% less funds holding

Funds holding: 194 [Q4 2024] → 191 (-3) [Q1 2025]

4.98% less ownership

Funds ownership: 67.46% [Q4 2024] → 62.49% (-4.98%) [Q1 2025]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $48 14% upside
• Avg. target: $48 14% upside
• High target: $48 14% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Keefe, Bruyette & Woods Timothy Switzer

14% upside $48

Market Perform Maintained

25 Apr 2025