Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) issued its quarterly earnings data on Monday. The bank reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04, Briefing.com reports. Bank of N.T. Butterfield & Son had a net margin of 25.97% and a return on equity of 22.47%. The business had revenue of $143.10 million for the quarter, compared to analyst estimates of $139.75 million. During the same period last year, the business posted $1.14 earnings per share. The firm’s quarterly revenue was up .4% on a year-over-year basis.
Bank of N.T. Butterfield & Son Stock Performance
Shares of NTB stock traded up $0.11 during midday trading on Thursday, hitting $38.33. 90,898 shares of the company were exchanged, compared to its average volume of 208,259. The firm has a market capitalization of $1.97 billion, a P/E ratio of 8.59 and a beta of 1.20. 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’s 50 day moving average price is $35.13 and its two-hundred day moving average price is $32.64. Bank of N.T. Butterfield & Son has a 52 week low of $24.62 and a 52 week high of $40.55.
Bank of N.T. Butterfield & Son Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Monday, August 5th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Monday, August 5th. Bank of N.T. Butterfield & Son’s payout ratio is 39.55%.
Analyst Upgrades and Downgrades
Read Our Latest Research Report 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.
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