Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) Hits 52 Week Low


Bank of N.T. Butterfield & Son Ltd (NYSE:NTB)

December 5th, 2018
Amidst falling markets Bank of N.T. Butterfield & Son Ltd fell $4.76 Tuesday, down 11.99%, closing at $34.93. As well as the drop in value, Bank of N.T. Butterfield & Son Ltd hit a new 52 week low of $34.71, breaking the previous low of $35.65 from earlier this August.

NTB was outperformed by the rest of the Financials sector which went down only 4.40%.

Forecasts from 6 analysts suggest that Bank of N.T. Butterfield & Son Ltd might increase quite a bit (18%), while Finbox has calculated (with high uncertainty) a fair value price of $55.27.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector dropping 13%.

Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary experienced turn arounds from their five day positive performance, Industrials with a drop of 4.35%.

Sector Breakdown

  • Utilities went up with a 0.15% change.
  • Real Estate went down with a -1.26% change.
  • Consumer Staples went down with a -1.63% change.
  • Healthcare went down with a -2.30% change.
  • Energy went down with a -2.93% change.
  • Materials went down with a -3.08% change.
  • Communication Services went down with a -3.14% change.
  • Information Technology went down with a -3.86% change.
  • Consumer Discretionary went down with a -3.91% change.
  • Industrials went down with a -4.35% change.
  • Financials went down with a -4.40% change.

Bank of N.T. Butterfield & Son Ltd 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. It accepts retail and corporate checking, savings, term, and non-interest bearing deposits, as well as certificates of deposits. The company’s lending portfolio includes residential mortgage lending, automobile financing, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans. In addition, it offers investment products and services; and cash and liquidity management, foreign exchange, custody administration, and settlement services. Further, the company provides personal and property/auto insurance products; letters of credit; and cash management, payroll, remote banking, money market, advisory, brokerage, trust, estate, company management, private banking, administered bank services, fiduciary, and ancillary services. Additionally, it offers debit cards; automated teller machines (ATMs); personal and business deposit, merchant acquiring, and mobile/online banking services. The company operates through offices in the Cayman Islands, Guernsey, the United Kingdom, The Bahamas, and Switzerland, as well as through four branch locations in Bermuda and three branch locations in the Cayman Islands. The Bank of N.T. Butterfield & Son Limited was founded in 1858 and is headquartered in Hamilton, Bermuda.

All amounts in USD unless otherwise indicated
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