The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses.
Bank of N.T. Butterfield & Son Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$33.42|
|52 Week High||US$21.64|
|52 Week Low||US$41.36|
|1 Month Change||-0.27%|
|3 Month Change||-8.84%|
|1 Year Change||52.88%|
|3 Year Change||-35.56%|
|5 Year Change||34.98%|
|Change since IPO||-91.65%|
Recent News & Updates
|NTB||US Banks||US Market|
Return vs Industry: NTB underperformed the US Banks industry which returned 80% over the past year.
Return vs Market: NTB exceeded the US Market which returned 37.5% over the past year.
Stable Share Price: NTB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: NTB's weekly volatility (4%) has been stable over the past year.
About the Company
The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. It accepts retail and corporate checking, savings, term, and interest bearing and non-interest bearing deposits, as well as certificate of deposits.
Bank of N.T. Butterfield & Son Fundamentals Summary
|NTB fundamental statistics|
Is NTB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NTB income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||3.15|
|Net Profit Margin||31.00%|
How did NTB perform over the long term?See historical performance and comparison
5.3%Current Dividend Yield
Is Bank of N.T. Butterfield & Son undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NTB ($33.42) is trading below our estimate of fair value ($72.84)
Significantly Below Fair Value: NTB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NTB is good value based on its PE Ratio (10.6x) compared to the US Banks industry average (11x).
PE vs Market: NTB is good value based on its PE Ratio (10.6x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: NTB is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: NTB is overvalued based on its PB Ratio (1.7x) compared to the US Banks industry average (1.1x).
How is Bank of N.T. Butterfield & Son forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NTB's forecast earnings growth (5.2% per year) is above the savings rate (2%).
Earnings vs Market: NTB's earnings (5.2% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: NTB's earnings are forecast to grow, but not significantly.
Revenue vs Market: NTB's revenue (2.6% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: NTB's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NTB's Return on Equity is forecast to be low in 3 years time (17.3%).
How has Bank of N.T. Butterfield & Son performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NTB has high quality earnings.
Growing Profit Margin: NTB's current net profit margins (31%) are lower than last year (31.2%).
Past Earnings Growth Analysis
Earnings Trend: NTB's earnings have grown by 14.2% per year over the past 5 years.
Accelerating Growth: NTB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NTB had negative earnings growth (-4.4%) over the past year, making it difficult to compare to the Banks industry average (36%).
Return on Equity
High ROE: NTB's Return on Equity (15.9%) is considered low.
How is Bank of N.T. Butterfield & Son's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: NTB's Assets to Equity ratio (16.2x) is moderate.
Allowance for Bad Loans: NTB has a low allowance for bad loans (33%).
Low Risk Liabilities: 97% of NTB's liabilities are made up of primarily low risk sources of funding.
Loan Level: NTB has an appropriate level of Loans to Assets ratio (33%).
Low Risk Deposits: NTB's Loans to Deposits ratio (37%) is appropriate.
Level of Bad Loans: NTB has an appropriate level of bad loans (1.7%).
What is Bank of N.T. Butterfield & Son current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NTB's dividend (5.27%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: NTB's dividend (5.27%) is in the top 25% of dividend payers in the US market (3.59%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NTB has been paying a dividend for less than 10 years.
Growing Dividend: NTB's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (56.8%), NTB's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NTB's dividends in 3 years are forecast to be covered by earnings (51% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Collins (58 yo)
Mr. Michael W. Collins has been the Chairman of the Board of Bank of N.T. Butterfield & Son Ltd.(Known as Bank Butterfield & Son Ltd) since July 25, 2017 and has been its Chief Executive Officer since Sept...
Experienced Management: NTB's management team is seasoned and experienced (5.7 years average tenure).
Experienced Board: NTB's board of directors are considered experienced (3.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
The Bank of N.T. Butterfield & Son Limited's employee growth, exchange listings and data sources
- Name: The Bank of N.T. Butterfield & Son Limited
- Ticker: NTB
- Exchange: NYSE
- Founded: 1858
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: US$1.633b
- Shares outstanding: 48.88m
- Website: https://www.butterfieldgroup.com
Number of Employees
- The Bank of N.T. Butterfield & Son Limited
- 65 Front Street
- HM 12
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/25 02:16|
|End of Day Share Price||2021/09/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.