NTB dividend – Bank of N.T. Butterfield & Son to pay dividend of $0.44

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NTB Intrinsic Value – BANK ($NYSE:NTB) OF N.T. BUTTERFIELD & SON is a leading provider of banking and financial services in Bermuda and the Cayman Islands. This is an exciting development for investors in the company, and reaffirms Butterfield & Son’s commitment to delivering shareholder value.

Dividends – NTB dividend

This is in line with the dividends the company has issued for the past two years. The dividend yield for the company’s stock is 6.53% for the year 2020, 4.86% for the year 2021, and 4.94% for the year 2022. This makes the average dividend yield for the past three years 5.44%.

Market Price

The Bank of N.T. Butterfield & Son announced on Thursday that it would be paying a dividend of $0.44, which is a 4% increase from the previous dividend. The news has been met with mixed reactions from the media, with some outlets calling the move a “smart” one and others expressing concern over the long-term sustainability of the bank. On Friday, the bank’s stock opened at $31.60 and closed at $31.60, up 1.1% from the previous day’s closing price of $31.20. This is the first time the stock has seen an increase since the announcement of the dividend, which has caused some analysts to express concern over the short-term prospects of the bank. Looking at the long-term, however, many experts believe that the bank is in a good position to weather any potential storms. It has a strong balance sheet and a loyal customer base.

Additionally, the dividend payout is well within the bank’s ability to sustain, meaning that shareholders can expect to receive their dividends on a regular basis.

VI Analysis – NTB Intrinsic Value

bank of n.t butterfield & son is a leading provider of banking and financial services in the cayman islands, bermuda and the british virgin islands. the company has a strong focus on private banking, asset management and wealth planning. it also offers a range of commercial banking services. the company has a strong balance sheet and a good reputation in the industry. The intrinsic value of BANK OF N.T BUTTERFIELD & SON share is around $34.2, calculated by VI Line. Now BANK OF N.T BUTTERFIELD & SON stock is traded at $31.6, a fair price undervalued by 8%.

VI Peers

There is intense competition between Bank of N.T Butterfield & Son Ltd and its competitors Sydbank A/S, Bankinter SA, Entie Commercial Bank. All four companies are striving to be the leading bank in their respective countries and regions. They all offer similar products and services, but each has its own unique selling proposition. Bank of N.T Butterfield & Son Ltd has a strong focus on private banking, while Entie Commercial Bank has a strong corporate banking offering. Bankinter SA has a strong digital banking offering, while Sydbank A/S has a strong focus on sustainable banking.

– Sydbank A/S ($OTCPK:SYANY)

Sydbank A/S is a leading provider of financial services in Denmark. The company has a market cap of 1.86B as of 2022. Sydbank A/S offers a wide range of banking and financial services to its clients, including personal and corporate banking, investment banking, asset management, and insurance. The company is headquartered in Copenhagen, Denmark.

– Bankinter SA ($OTCPK:BKIMF)

Bankinter SA is a Spanish bank with a market cap of 5.1B as of 2022. The company offers a wide range of banking products and services to retail, corporate, and institutional clients in Spain and Portugal. Bankinter has a strong focus on digitalization and innovation, and was one of the first banks in Spain to offer mobile banking and contactless payments. The bank has a network of over 750 branches and 4,500 employees.

– Entie Commercial Bank ($TWSE:2849)

Entie Commercial Bank is one of the largest banks in Taiwan with a market cap of 28.09B as of 2022. The company provides a wide range of banking and financial services to customers including loans, deposits, credit cards, and foreign exchange.

Summary

BANK OF N.T BUTTERFIELD & SON is a bank headquartered in Bermuda. The Bank provides a range of banking and financial services to personal, commercial and institutional clients. The Bank operates through two segments: Banking and Wealth Management.

The Banking segment offers deposit products, loans and advances, foreign exchange, money market instruments, credit cards and other banking services. The Wealth Management segment provides fiduciary services, discretionary portfolio management, custody and deposit-taking services, and other wealth management services.