What Makes Bank of NT Butterfield & Son (NTB) a Strong Momentum Stock: Buy Now?

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, indicating a favorable position in momentum investing [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - NTB shares have increased by 1.28% over the past week, while the Zacks Banks - Foreign industry has risen by 2.33% [5] - Over the past month, NTB's price change is 9.55%, outperforming the industry's 6.04% [5] - In the last quarter, NTB shares have risen by 18.55%, and over the past year, they have gained 33.27%, compared to the S&P 500's increases of 7.23% and 28.67%, respectively [6] Trading Volume - NTB's average 20-day trading volume is 202,240 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for NTB have been revised upwards, increasing the consensus estimate from $4.12 to $4.40 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions noted [9] Conclusion - Given the positive performance metrics and earnings outlook, NTB is positioned as a strong buy with a Momentum Score of B, making it a compelling option for investors seeking short-term gains [10]