Bank of N.T. Butterfield & Son Ltd (NTB)

Market price: $60.15

5 valuation methods

• P / B: $33.60 to $44.65 (midpoint $38.23)
• P / Tangible Book: $40.39 to $53.60 (midpoint $45.78)
• P / E: $65.59 to $85.48 (midpoint $73.52)
• Dividend Discount Model (DDM): $64.02 to $106.31 (midpoint $80.13)
• P / E — normalized: $79.69 to $122.94 (midpoint $98.78)