Michael Collins Sells Shares of The Bank of N.T. Butterfield

Michael Collins, the CEO of The Bank of N.T. Butterfield & Son Limited, sold 20,000 shares of the company's stock on June 15, 2026. The shares were sold at an average price of $58.53, totaling approximately $1.17 million. This transaction was not made under a prearranged trading plan.

Insider Buying and Selling at The Bank of N.T. Butterfield & Son Limited

Michael Collins has been active in trading shares of The Bank of N.T. Butterfield recently, with multiple sales occurring in June 2026. On June 16, he sold 20,621 shares at an average price of $58.77, and on June 12, he sold another 20,000 shares at $58.75. Another insider, Mark Lynch, bought 10,000 shares at $56.49 on May 29, 2026.

Other Institutional Activity in The Bank of N.T. Butterfield

Institutional investors have also been adjusting their positions in The Bank of N.T. Butterfield. FMR LLC reduced its holdings by 88,354 shares, leaving it with 2,604,026 shares valued at about $136.7 million. BlackRock, Inc. cut its stake by 49,596 shares, ending with 2,302,769 shares worth approximately $120.8 million. Meanwhile, American Century Companies Inc increased its holdings by 72,311 shares, now holding 1,648,858 shares valued at around $86.5 million.

The Bank of N.T. Butterfield & Son Limited Stock Down 0.3%

Shares of NYSE:NTB were trading at $58.46. The company has a market cap of $2.34 billion and a P/E ratio of 10.24. Over the past 52 weeks, the stock has ranged from a low of $40.59 to a high of $59.36. It has a 50-day moving average of $56.31 and a 200-day moving average of $50.19.

Recent Earnings

In its most recent earnings report, The Bank of N.T. Butterfield reported revenue of $613.1 million, reflecting a growth of 4.3%. The net margin stood at 39.3%, with a return on equity of 21.95%. The next earnings report is scheduled for July 27, 2026.

Dividend

The Bank of N.T. Butterfield pays an annual dividend rate of $2.00 per share, yielding 3.38% with a payout ratio of 33.62%.

Analysts Set New Price Targets

On June 8, 2026, Wells Fargo maintained its hold rating on the stock with a price target of $61. Keefe, Bruyette & Woods also maintained a hold rating with a target of $58.

About The Bank of N.T. Butterfield & Son Limited

The Bank of N.T. Butterfield & Son Limited, headquartered in Hamilton, Bermuda, offers a wide range of banking services. These include community, commercial, and private banking services for individuals and small to medium-sized businesses. The bank provides checking, savings, and term deposits, as well as lending products like residential mortgages and commercial loans. It operates in multiple regions, including the Cayman Islands, the UK, and Hong Kong.

Bottom Line

Michael Collins' recent stock sales are noteworthy as they involve significant amounts of shares. Investors often track insider trades to gauge confidence levels of those running the company. The Bank of N.T. Butterfield continues to show strong financial metrics with its recent revenue growth and profitability. However, as with all 13F filings and insider activities, these reports are backward-looking and may not reflect the current state.