The Bank of N.T. Butterfield & Son Limited Announces Quarterly Dividend of $0.44 (NYSE:NTB)

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) announced a quarterly dividend on Monday, February 10th, Wall Street Journal reports. Investors of record on Monday, February 24th will be paid a dividend of 0.44 per share by the bank on Monday, March 10th. This represents a $1.76 annualized dividend and a yield of 4.57%. The ex-dividend date is Monday, February 24th.

Bank of N.T. Butterfield & Son has a dividend payout ratio of 35.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bank of N.T. Butterfield & Son to earn $4.85 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 36.3%.

Bank of N.T. Butterfield & Son Price Performance

Shares of NYSE:NTB opened at $38.55 on Friday. The business has a 50 day moving average price of $37.33 and a 200 day moving average price of $37.25. The company has a quick ratio of 0.66, a current ratio of 0.63 and a debt-to-equity ratio of 0.10. Bank of N.T. Butterfield & Son has a twelve month low of $29.06 and a twelve month high of $41.88. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 8.17 and a beta of 1.15.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its quarterly earnings data on Monday, February 10th. The bank reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.17. Bank of N.T. Butterfield & Son had a return on equity of 21.46% and a net margin of 26.51%. Research analysts predict that Bank of N.T. Butterfield & Son will post 4.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NTB shares. Keefe, Bruyette & Woods raised their price objective on Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. Wells Fargo & Company raised their price objective on Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Bank of N.T. Butterfield & Son has a consensus rating of “Moderate Buy” and a consensus target price of $40.80.

Bank of N.T. Butterfield & Son Company Profile

The Bank of N.T. Butterfield & Son Ltd. provides community banking and wealth management business. The firm operates through the following geographical segments: Bermuda, the Cayman Islands, Channel Islands and the UK, and Other. The Bermuda and Cayman segments offer retail banking and wealth management.