The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Relative Strength Index (RSI) is 46.04, with weekly volatility at 4.45% and ATR at 1.43. The NTB stock’s 52-week price range has touched low of $13.76 and a $38.05 high. Intraday shares traded counted 0.64 million, which was -87.93% lower than its 30-day average trading volume of 338.79K. Its shares traded lower over the last trading session, losing -3.97% on 06/26/20. The shares fell to a low of $22.92 before closing at $23.44. NTB’s previous close was $24.41 while the outstanding shares total 51.97M. The firm has a beta of 2.21, a 12-month trailing P/E ratio of 7.54, and a growth ratio of 1.26.
Investors have identified the Banks – Diversified company The Bank of N.T. Butterfield & Son Limited as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.27 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
The Bank of N.T. Butterfield & Son Limited (NTB) Fundamentals that are to be considered.
NTB were able to record -6.85 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by -587.44 million. In cash movements, the company had a total of -1.16 million as operating cash flow.
Potential earnings growth for The Bank of N.T. Butterfield & Son Limited (NTB)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, The Bank of N.T. Butterfield & Son Limited recorded a total of 102.39 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 3.16% coming in sequential stages and their sales for the third quarter reducing by -1.11%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 14.8 million trying to sell their products during the last quarter, with the result yielding a gross income of 87.59 million. This allows shareholders to hold on to 51.97M with the revenue now reading 0.78 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.72 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.69 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NTB sounds very interesting.
Is the stock of NTB attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 1.13%.
2 out of 6 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on The Bank of N.T. Butterfield & Son Limited. 0 analysts has assigned a Sell rating on the NTB stock. The 12-month mean consensus price target for the company’s shares has been set at $26.33.