NewsMV
Butterfield Bank shares currently trade at $58.28, a level that has yielded a 3.5% return over the past six months while the S&P 500 gained 13.5% during the same period.
The stock, which lists on the NYSE under the ticker NTB, has shown limited upside relative to the broader market.
The bank, founded in 1784, provides banking, wealth management, and trust services to clients in offshore financial centers including Bermuda, the Cayman Islands, and the Channel Islands.
Consensus estimates project that Butterfield Bank's tangible book value per share (TBVPS) will grow by 37.2% over the next 12 months to reach $35.94.
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