Professional
Added to YB: 2024-07-23
Pitch date: 2024-07-12
NTB [bullish]
The Bank of N.T. Butterfield & Son Limited
+44.58%
current return
Author Info
No bio for this author
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
$1.8B
Pitch Price
$35.47
Price Target
N/A
Dividend
4.40%
EV/EBITDA
N/A
P/E
8.63
EV/Sales
N/A
Sector
Banks
Category
value
Moon Capital Management New Position: The Bank of N.T. Butterfield & Son Limited
NTB: Offshore bank w/ 30%+ deposit share in Bermuda/Cayman. 40% fee revenue, $132B trust AUA, $30B custody. 23% 5yr avg ROE (27% 2023). 21% cash/assets vs 3% US avg. 38% loan-deposit ratio. Trading 6x earnings, 1.7x TBV. 6% share reduction in 12mo. Potential dividend hike from $1.76 to $2.80+. 20%+ ROE & 9% yield possible.
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