Why Bank of NT Butterfield & Son (NTB) Might be Well Poised for a Surge

Core Viewpoint - Bank of NT Butterfield & Son (NTB) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimates - Analysts' optimism regarding the earnings prospects of Bank of NT Butterfield & Son is leading to higher earnings estimates, which is expected to positively impact the stock price [2]. - The current quarter's earnings estimate is projected at $1.19 per share, reflecting a year-over-year increase of +7.21% [7]. - For the full year, the earnings estimate stands at $4.95 per share, indicating a year-over-year change of +3.77% [8]. Estimate Revisions - Over the past 30 days, the Zacks Consensus Estimate for the current quarter has risen by 13.33%, with one estimate moving higher and no negative revisions [7]. - The consensus estimate for the current year has also improved, with a 12.5% increase and one estimate moving higher compared to no negative revisions [9]. Zacks Rank - Bank of NT Butterfield & Son currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in revising earnings estimates upward [10]. - Stocks with a Zacks Rank 1 and 2 have historically outperformed the S&P 500 [10]. Stock Performance - The stock has gained 9.6% over the past four weeks, driven by solid estimate revisions, suggesting potential for further growth [11].