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Butterfield (NTB) Surges: Stock Moves 6.4% Higher

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The Bank of N.T. Butterfield & Son Limited (NTB - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is now down 36.6% in the past one-month time frame.

The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Butterfield currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the Banks - Foreign industry is Macro Bank Inc. (BMA - Free Report) , holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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Macro Bank Inc. (BMA) - free report >>

Bank of N.T. Butterfield & Son Limited (The) (NTB) - free report >>

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