Added to YB: 2023-04-10
Pitch date: 2023-04-10
NTB [bullish]
The Bank of N.T. Butterfield & Son Limited
+168.08%
current return
Author Info
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Company Info
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.
Market Cap
$2.3B
Pitch Price
$21.74
Price Target
40.00 (-31%)
Dividend
3.42%
EV/EBITDA
N/A
P/E
10.29
EV/Sales
N/A
Sector
Banks
Category
value
Show full summary:
N.T. Butterfield & Son: Great Bank Franchise Facing Temporary Duration Issues
NTB: Bermuda's dominant bank (50%+ share, only 4 licensed banks) at 5x P/E, 7% yield, 20%+ ROE. $400M unrealized losses on 95% AAA bonds (US treasuries/agencies) spooked market, but 39% loan-to-deposit ratio makes run unlikely; can hold to maturity. Q4 rocket, $5/sh EPS. $40+ target.
Read full article (5 min)