Can Bank of NT Butterfield & Son (NTB) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Investors are encouraged to consider Bank of NT Butterfield & Son (NTB) due to solid improvements in earnings estimates and positive short-term price momentum [1] Earnings Estimates - Analysts show growing optimism regarding the earnings prospects of Bank of NT Butterfield & Son, reflected in upward revisions of earnings estimates, which typically correlate with stock price movements [2] - The current quarter's earnings estimate is projected at $1.39 per share, marking a +6.9% increase from the previous year [7] - For the full year, the earnings estimate stands at $5.94 per share, indicating a year-over-year change of +6.1% [8] Estimate Revisions - Over the past month, the consensus estimate for Bank of NT Butterfield & Son has increased by 8.59%, with one estimate moving higher and no negative revisions [7] - The trend for the current year is also positive, with the consensus estimate rising by 8% due to favorable revisions [9] Zacks Rank - Bank of NT Butterfield & Son currently holds a Zacks Rank 2 (Buy), indicating strong agreement among analysts in raising earnings estimates [10] - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [10] Stock Performance - Shares of Bank of NT Butterfield & Son have increased by 5.5% over the past four weeks, suggesting investor confidence in its earnings growth prospects [11]