Surging Earnings Estimates Signal Upside for Bank of NT Butterfield & Son (NTB) Stock

Core Insights - Bank of NT Butterfield & Son (NTB) shows a significantly improving earnings outlook, making it an attractive option for investors as analysts continue to raise earnings estimates [1][3] - The upward trend in earnings estimate revisions reflects growing analyst optimism, which is expected to positively impact the stock price [2][6] - The Zacks Rank system indicates a strong consensus among analysts, with NTB currently holding a Zacks Rank 1 (Strong Buy), suggesting potential for outperformance [3][6] Current-Quarter Estimate Revisions - For the current quarter, NTB is projected to earn $1.03 per share, representing a year-over-year decline of 11.97% [4] - Over the last 30 days, one estimate has increased while there were no negative revisions, leading to a 13.19% rise in the Zacks Consensus Estimate [4] Current-Year Estimate Revisions - NTB is expected to earn $4.40 per share for the full year, reflecting a decrease of 7.76% compared to the previous year [5] - Similar to the current quarter, there has been a positive trend in estimate revisions, with one estimate moving up and no negative revisions, resulting in a 12.82% increase in the consensus estimate [5] Favorable Zacks Rank - The positive estimate revisions have contributed to NTB's Zacks Rank 1 (Strong Buy), indicating strong potential for stock performance [6] - Research indicates that stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500, reinforcing the attractiveness of NTB [6] Bottom Line - Investors have shown confidence in NTB, evidenced by a 9.7% stock gain over the past four weeks, driven by solid earnings growth prospects [7]