Are You Looking for a Top Momentum Pick? Why Bank of NT Butterfield & Son (NTB) is a Great Choice

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 B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [3][4] - Over the past week, NTB shares increased by 0.73%, outperforming the Zacks Banks - Foreign industry, which rose by 0.26% [6] - In the last quarter, NTB shares rose by 4.97%, and over the past year, they increased by 31.58%, while the S&P 500 saw declines of -2.97% and gains of 15.34%, respectively [7] Price and Volume Analysis - NTB's monthly price change of 5.94% is favorable compared to the industry's 5.57% performance [6] - The average 20-day trading volume for NTB is 183,680 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 increased, while none decreased, 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 during the same period [10] Conclusion - Considering the positive momentum indicators and earnings outlook, NTB is positioned as a strong buy candidate for investors seeking short-term gains [12]