Wells Fargo raised the firm’s price target on N.T. Butterfield to $40 from $35 and keeps an Overweight rating on the shares. N.T. Butterfield remains the ideal “hangout” to weather mainland uncertainty, with capital returns only improving on a relative basis as rates are cut, the analyst tells investors in a research note.
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Read More on NTB:
- N.T. Butterfield price target raised to $38 from $34 at Piper Sandler
- Butterfield Maintains Strong Q1 Earnings and Dividend
- N.T. Butterfield reports Q1 net interest margin 2.68% vs. 2.88% last year
- N.T. Butterfield reports Q1 core EPS $1.17, consensus 97c
- N.T. Butterfield files automatic mixed securities shelf
