NTB trades 18.7% below Wall Street's consensus target of $65.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes NTB achieves its forward estimates and maintains a stable P/E multiple of 9.4x. This scenario reflects the blended consensus of 7 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, The Bank of N.T. Butterfield & Son Limited (NTB) has a Wall Street consensus price target of $65.00, based on estimates from 7 covering analysts. With the stock currently trading at $54.74, this represents a potential upside of +18.7%. The company has a market capitalization of $2.17B.
Analyst price targets range from a low of $65.00 to a high of $65.00, representing a 0% spread in expectations. The median target of $65.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 3 analysts rating the stock as a Buy or Strong Buy,4 rating it Hold, and 0 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, NTB trades at a trailing P/E of 9.5x and forward P/E of 9.4x. The forward PEG ratio of 0.70 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +0.3% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $67.21, with bear and bull scenarios of $42.34 and $88.56 respectively. Model confidence stands at 50/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 WSFSWSFS Financial Corporation | $4.1B | $78.94 | $85.00 | +7.7% | Hold | 11.7x | 13 |
 FIBKFirst Interstate BancSystem, Inc. | $3.7B | $37.80 | $36.67 | -3.0% | Hold | 13.3x | 15 |
 BOKFBOK Financial Corporation | $7.9B | $129.48 | $145.00 | +12.0% | Hold | 12.1x | 21 |
 IBCPIndependent Bank Corporation | $748M | $36.31 | $43.00 | +18.4% | Hold | 10.6x | 8 |
 CATYCathay General Bancorp | $4.3B | $64.22 | $60.67 | -5.5% | Hold | 11.5x | 13 |
 HOPEHope Bancorp, Inc. | $1.7B | $13.18 | $16.00 | +21.4% | Hold | 13.0x | 6 |
 PFBCPreferred Bank | $1.2B | $102.89 | $120.00 | +16.6% | Buy | 9.5x | 10 |
 NBTBNBT Bancorp Inc. | $2.7B | $52.83 | $57.67 | +9.2% | Hold | 12.6x | 10 |
 TRMKTrustmark Corporation | $2.6B | $44.64 | $47.50 | +6.4% | Hold | 11.3x | 9 |
 BANRBanner Corporation | $2.4B | $70.09 | $75.25 | +7.4% | Hold | 11.9x | 13 |
Quick answers to the most common questions about buying NTB stock.
The Bank of N.T. Butterfield & Son Limited (NTB) has a consensus 12-month price target of $65, implying 18.7% upside from $54.74. The 7 analysts covering NTB see moderate appreciation potential.
NTB has a consensus rating of "Hold" based on 7 Wall Street analysts. The rating breakdown is mixed, with 4 Hold ratings making up the largest segment. The consensus 12-month price target of $65 implies 18.7% upside from current levels.
With a forward P/E of 9.4379x, NTB trades at a relatively low valuation. The consensus target of $65 implies 18.7% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $65 for NTB, while the most conservative target is $65. The consensus of $65 represents the median expectation. Our quantitative valuation model projects a bull case target of $89 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
NTB is moderately covered, with 7 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 3 have Buy ratings, 4 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month NTB stock forecast based on 7 Wall Street analysts shows a consensus price target of $65, with estimates ranging from $65 (bear case) to $65 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $67, with bear/bull scenarios of $42/$89.
Our quantitative valuation model calculates NTB's fair value at $67 (base case), with a bear case of $42 and bull case of $89. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 50/100.
NTB trades at a forward P/E ratio of 9.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 9.5x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are optimistic on NTB, with a "Hold" consensus rating and $65 price target (18.7% upside). 3 of 7 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
NTB analyst price targets range from $65 to $65, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $65 consensus represents the middle ground. Our model's $42-$89 range provides an independent fundamental perspective.
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