Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) posted its earnings results on Monday. The bank reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04, Briefing.com reports. The firm had revenue of $143.10 million for the quarter, compared to the consensus estimate of $139.75 million. Bank of N.T. Butterfield & Son had a return on equity of 22.47% and a net margin of 25.97%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 EPS.
Bank of N.T. Butterfield & Son Stock Down 2.6 %
Bank of N.T. Butterfield & Son stock traded down $1.02 during mid-day trading on Wednesday, reaching $38.22. 371,173 shares of the company were exchanged, compared to its average volume of 209,092. The business has a fifty day moving average of $35.09 and a 200 day moving average of $32.60. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market cap of $1.99 billion, a P/E ratio of 8.82 and a beta of 1.20. Bank of N.T. Butterfield & Son has a 12-month low of $24.62 and a 12-month high of $40.55.
Bank of N.T. Butterfield & Son Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Monday, August 5th will be issued a $0.44 dividend. The ex-dividend date is Monday, August 5th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.60%. Bank of N.T. Butterfield & Son’s payout ratio is 39.55%.
Analysts Set New Price Targets
Get Our Latest Analysis on NTB
Bank of N.T. Butterfield & Son Company Profile
The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. It accepts retail and corporate checking, savings, term, and interest bearing and non-interest bearing deposits. The company's lending portfolio includes residential mortgage lending, automobile lending, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans, as well as overdraft facilities to commercial and corporate customers.
See Also
- Five stocks we like better than Bank of N.T. Butterfield & Son
- What is a Low P/E Ratio and What Does it Tell Investors?
- Food Processing Company Stock Gets Fried by Recall: Time to Buy
- What is the NASDAQ Stock Exchange?
- Entertainment Stock Offers A Rare and Tempting Entry Opportunity
- Best Aerospace Stocks Investing
- Will China’s Interest Rate Cuts Ignite a Rally for This Stock?
Receive News & Ratings for Bank of N.T. Butterfield & Son Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of N.T. Butterfield & Son and related companies with MarketBeat.com's FREE daily email newsletter.