Bank of NT Butterfield & Son (NTB) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Bank of NT Butterfield & Son (NTB) - NTB currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The stock has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market [4] Performance Metrics - NTB shares have increased by 3.52% over the past week, outperforming the Zacks Banks - Foreign industry, which rose by 0.65% [6] - Over the past month, NTB's price change is 9.72%, compared to the industry's 6.95% [6] - In the last quarter, NTB shares rose by 5.62%, and over the past year, they gained 30.33%, while the S&P 500 increased by 2.43% and 24.91%, respectively [7] Trading Volume - NTB's average 20-day trading volume is 174,991 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, one earnings estimate for NTB has increased, raising the consensus estimate from $3.90 to $4.40 [10] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [10] Conclusion - Given the strong performance metrics and positive earnings outlook, NTB is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling near-term investment option [12]