NTB Bank of N.T. Butterfield & Son Ltd

Harbor Capital Advisors Inc. significantly reduced its stake in Bank of N.T. Butterfield & Son Limited (NYSE: NTB) by 72.2% in Q3, selling 82,165 shares and retaining 31,711 shares valued at $1.36 million. Despite this, the bank outperformed Q3 expectations with an EPS of $1.51 against an estimated $1.30 and saw a 7.4% revenue increase. Analysts maintain a "Moderate Buy" rating with an average target price of $50.67, and the company has authorized a $140 million share buyback and declared a $0.50 quarterly dividend.

The Bank of N.T. Butterfield & Son Limited has announced a new share repurchase program of up to 3,000,000 ordinary shares for US$140 million, running through December 2026. This move indicates management's commitment to shareholder returns using surplus capital, though risks like concentrated, non-sticky deposits remain. Analysts are also monitoring pressures on net interest margin and future earnings trends, despite the steady dividend track record.

Bank of N.T. Butterfield & Son (NTB) has announced an expanded share repurchase program of up to 3,000,000 ordinary shares for US$140 million, running until December 31, 2026. This move demonstrates management's commitment to returning surplus capital to shareholders, alongside a consistent dividend history. While this is a positive short-term factor, investors should also consider risks such as concentrated, potentially non-sticky deposits and pressures on net interest margin.

The Bank of N.T. Butterfield & Son announced a new $140 million share buyback plan, signaling management confidence. Despite recent strong stock performance (up 41% YTD), analysts suggest the stock is still undervalued. The narrative highlights strategic M&A focus to boost fee-based income and stabilize earnings as key to this valuation.

Bank of NT Butterfield & Son Ltd (NTB) stock has reached a 52-week high of $51.91, appreciating by 43.76% over the past year. Despite this, Wells Fargo has downgraded the stock from Overweight to Equal Weight, lowering its price target from $54.00 to $50.00 due to concerns over potential interest rate cuts. The bank also announced a new $140 million share repurchase program to begin January 1, 2026.

Bank of NT Butterfield & Son Ltd (NYSE:NTB) stock reached a 52-week high of $51.91, appreciating by 43.76% over the past year. This achievement is supported by a "GREAT" financial health score from InvestingPro and comes as the company announces a new $140 million share repurchase program. However, Wells Fargo has downgraded the stock to Equal Weight due to concerns about potential interest rate cuts.