Raymond James analyst Donald Worthington maintained a Buy rating on Bank of N.T. Butterfield & Son on Tuesday, setting a price target of $29, which is approximately 8.25% above the present share price of $26.79.
Worthington expects Bank of N.T. Butterfield & Son to post earnings per share (EPS) of $0.77 for the third quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in Bank of NT Butterfield & Son (NYSE:NTB), with an average price target of $28.
The analysts price targets range from a high of $32 to a low of $25.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $134.58 million and a net profit of $0. The company's market cap is $1.34 billion.
According to TipRanks.com, Raymond James analyst Donald Worthington is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 8.0% and a 57.19% success rate.
The Bank of N.T. Butterfield & Son Ltd. provides community banking and wealth management business. It operates through the following geographical segments: Bermuda, the Cayman Islands, Guernsey, The Bahamas, Switzerland, and the United Kingdom. The Bermuda and the Cayman Islands segment offers a range of retail and corporate banking services to individuals,local businesses, captive insurers, reinsurance companies, trust companies, and hedge funds. The Guernsey, The Bahamas, and Switzerland Bank segment provides wealth management only. The United Kingdom segment gives wealth management to high net worth and ultra-high net worth individuals, family offices, and institutional and corporate clients. It also provides residential property lending services. The company was founded in 1858 and is headquartered in Hamilton, Bermuda.