Bank of NT Butterfield & Son (NTB) Is Up 2.47% in One Week: What You Should Know

Core Viewpoint - The article highlights the momentum investing strategy, emphasizing the importance of following a stock's recent price trends to make profitable trades, particularly focusing on Bank of NT Butterfield & Son (NTB) as a strong momentum pick [1][12]. Company Overview - Bank of NT Butterfield & Son currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3]. - The bank has a Zacks Rank of 1 (Strong Buy), which is associated with a historical outperformance in the market [4]. Performance Metrics - NTB shares have increased by 2.47% over the past week, outperforming the Zacks Banks - Foreign industry, which rose by 1.2% during the same period [6]. - Over the last month, NTB's price change is 6.84%, compared to the industry's 5.74% [6]. - In the past quarter, NTB shares have risen by 18.23%, and over the last year, they have increased by 28.9%, while the S&P 500 has only moved 1.65% and 15.6%, respectively [7]. Trading Volume - NTB's average 20-day trading volume is 148,039 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, one earnings estimate for NTB has increased, raising the consensus estimate from $5.50 to $5.94 for the full year, with no downward revisions [10]. - For the next fiscal year, one estimate has also moved upwards, indicating positive sentiment regarding NTB's earnings potential [10].