Denali Advisors LLC Buys Shares of The Bank of N.T. Butterfield & Son Limited

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Denali Advisors LLC bought shares of The Bank ($NYSE:NTB) of N.T. Butterfield & Son Limited recently. This is a sign that the company is doing well and that investors are confident in its future. It has a strong history and reputation, and is well-positioned for continued growth.

Share Price

On Wednesday, the stock of BANK OF N.T BUTTERFIELD & SON opened at $33.3 and closed at $33.7, up by 2.4% from the previous closing price of $32.9. Investors seem optimistic about the future of the bank under Denali’s ownership.

VI Analysis

The company is strong in dividend, and medium in growth, profitability, asset. BANK OF N.T BUTTERFIELD & SON has a high health score of 10/10 with regard to its cashflows and debt, is capable to sustain future operations in times of crisis. BANK OF N.T BUTTERFIELD & SON is classified as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Due to its moderate growth rate, such company is deemed less risky and volatile as it pursuits a sustainable growth rate.

Summary

Denali Advisors LLC purchased a new position in shares of The Bank of N.T. Butterfield & Son Limited during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. A number of other institutional investors have also bought and sold shares of the business. The company operates through three segments: Banking, Wealth Management, and Treasury Services. It offers retail deposit products, such as personal checking accounts, savings accounts, money market accounts, and time deposits; and lending products and services comprising residential mortgages, home equity lines of credit, personal loans, and commercial loans to small businesses and middle market companies.