Bank of N.T. Butterfield & Son Ltd. stock trades under the ticker NTB & has shown recent bullishness that traders & investors should research further into.
NTB stock closed at $33.31/share on 11/16/2022.
Bank of N.T. Butterfield & Son Ltd. NTB Stock’s Technical Performance Broken Down
NTB Stock Price: $33.31
10 Day Moving Average: $31.74
50 Day Moving Average: $33.03
200 Day Moving Average: $32.81
MACD: -0.291
RSI: 54.08
Yesterday, NTB stock completed a bullish MACD crossover, closing above their 50 & 200 day moving averages.
Recent trading volumes have been about average compared to the year prior, and their RSI is neutral, signaling that there may be more room for them to climb in the near-term.
NTB stock has support at the $33.15 & $33.03/share price levels, as they try to break above their $33.41 & $34.03/share resistance levels.
Bank of N.T. Butterfield & Son Ltd. NTB Stock As A Long-Term Investment
Long-term oriented investors will like NTB stock’s valuation metrics, with a 8.47 P/E (ttm) & a 2.15 P/B (mrq).
They recently reported 12.3% Quarterly Revenue Growth Y-o-Y, with 44.4% Quarterly Earnings Growth Y-o-Y.
Their balance sheet also looks appealing, with $2.38B of Total Cash (mrq) & $206.75M of Total Debt (mrq).
NTB stock pays a 5.37% dividend, which appears to be sustainable in the long-run, as their payout ratio is 45.48%.
72.57% of NTB stock’s outstanding share float is owned by institutional investors.
Bank of N.T. Butterfield & Son Ltd. NTB Stock As A Short-Term Trade Using Options
Traders who are more focused on the short-term can trade options to hedge against market volatility, while still profiting from NTB stock’s price movements.
NTB’s options are not very liquid, but their $35 put that expires on 11/18 is in-the-money.
Their $30 call that expires on 1/20/2023 is also in-the-money.
Tying It All Together
NTB stock has many interest attributes that traders & investors will find appealing.
Investors will like their dividend yield & balance sheet, as well as their recent growth & valuation metrics.
Traders will like their recent technical performance, however they will be disappointed by how illiquid their options are.
Overall, it is worth taking a closer look into how NTB stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF NTB STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***