Jody Terence Feldman Sells 7,500 Shares of Bank of N.T. Butterfield & Son (NYSE:NTB) Stock

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) Director Jody Terence Feldman sold 7,500 shares of Bank of N.T. Butterfield & Son stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $59.94, for a total value of $449,550.00. Following the sale, the director owned 5,713 shares of the company’s stock, valued at approximately $342,437.22. This trade represents a 56.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Bank of N.T. Butterfield & Son Trading Down 0.7%

Shares of NYSE NTB opened at $61.28 on Friday. Bank of N.T. Butterfield & Son Limited has a 12 month low of $40.59 and a 12 month high of $62.46. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 10.77 and a beta of 0.51. The business has a 50-day moving average of $59.26 and a 200-day moving average of $55.22.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its earnings results on Tuesday, June 30th. The bank reported $1.58 earnings per share for the quarter. Bank of N.T. Butterfield & Son had a net margin of 29.34% and a return on equity of 22.43%. The business had revenue of $159.00 million for the quarter. On average, analysts predict that Bank of N.T. Butterfield & Son Limited will post 6.25 earnings per share for the current year.

Bank of N.T. Butterfield & Son Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Bank of N.T. Butterfield & Son’s dividend payout ratio is presently 35.15%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (a-)” rating on shares of Bank of N.T. Butterfield & Son in a research report on Thursday, July 2nd. Wells Fargo & Company raised their price target on Bank of N.T. Butterfield & Son from $57.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, June 8th. Finally, Zacks Research lowered Bank of N.T. Butterfield & Son from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Bank of N.T. Butterfield & Son presently has an average rating of “Moderate Buy” and a consensus price target of $59.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of Bank of N.T. Butterfield & Son by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,595,506 shares of the bank’s stock worth $83,730,000 after acquiring an additional 33,493 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Bank of N.T. Butterfield & Son by 6.3% in the 4th quarter. Invesco Ltd. now owns 1,026,549 shares of the bank’s stock valued at $51,143,000 after purchasing an additional 60,796 shares in the last quarter. Nuveen LLC boosted its stake in shares of Bank of N.T. Butterfield & Son by 1.2% in the 4th quarter. Nuveen LLC now owns 906,502 shares of the bank’s stock valued at $45,162,000 after purchasing an additional 10,852 shares in the last quarter. LSV Asset Management grew its holdings in shares of Bank of N.T. Butterfield & Son by 26.5% during the 4th quarter. LSV Asset Management now owns 823,925 shares of the bank’s stock valued at $41,048,000 after purchasing an additional 172,666 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Bank of N.T. Butterfield & Son by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 704,254 shares of the bank’s stock valued at $35,086,000 after purchasing an additional 10,967 shares during the last quarter. 62.73% of the stock is currently owned by institutional investors.

Bank of N.T. Butterfield & Son News Roundup

Here are the key news stories impacting Bank of N.T. Butterfield & Son this week:

• Positive Sentiment: Butterfield reaffirmed its quarterly dividend of $0.50 per share, equivalent to $2.00 annually and a yield of roughly 3.3%. The payout ratio is about 35%, suggesting the dividend is supported by current earnings. Insider Selling and Dividend Announcement
• Positive Sentiment: An earnings-call report highlighted management’s potentially profitable Caribbean expansion, providing a possible growth catalyst for the Bermuda-based bank. Butterfield Earnings Call Signals Profitable Caribbean Push
• Positive Sentiment: Recent operating results remain solid: Butterfield reported quarterly EPS of $1.58 on $159 million in revenue, with a 29.34% net margin and 22.43% return on equity. Analysts expect approximately $6.25 in full-year EPS.
• Neutral Sentiment: Analyst sentiment remains generally favorable but cautious. The consensus rating is “Moderate Buy,” while the average price target of $59.50 is below the stock’s recent trading level. Wells Fargo raised its target to $61 but maintained an “equal weight” rating.
• Neutral Sentiment: Institutional ownership is substantial at 62.73%, with several firms recently increasing their positions. This provides some ownership support but does not offset the more immediate insider-selling signal.
• Negative Sentiment: Several insiders sold a combined roughly 62,800 shares for about $3.14 million. Director Jody Terence Feldman sold 7,500 shares—cutting his direct holdings by 56.76%—while Richard Saunders, Andrew Ronald Burns, and Tara Hidalgo each sold approximately 18,000 shares. The concentration of sales may pressure sentiment, particularly with NTB trading near its 12-month high. NTB Insider Trading Activity

About Bank of N.T. Butterfield & Son

Bank of N.T. Butterfield & Son Limited, commonly known as Butterfield, is a Bermuda-based provider of banking and wealth management services. Founded in 1858, the firm has grown from a local colonial bank into an international financial institution. With a focus on personalized client service, Butterfield offers a comprehensive suite of banking and fiduciary solutions to private individuals, families, and corporate clients.

The bank’s core activities include private banking, retail and commercial lending, trust and corporate administration, and fund services.