Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) announced its quarterly earnings results on Monday. The bank reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.04, Briefing.com reports. The firm had revenue of $143.10 million during the quarter, compared to the consensus estimate of $139.75 million. Bank of N.T. Butterfield & Son had a net margin of 25.97% and a return on equity of 22.47%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 EPS.
Bank of N.T. Butterfield & Son Stock Performance
NYSE NTB traded up $0.08 on Thursday, hitting $38.30. 56,264 shares of the company’s stock traded hands, compared to its average volume of 208,015. The firm’s 50-day moving average price is $35.13 and its two-hundred day moving average price is $32.64. The firm has a market capitalization of $1.97 billion, a PE ratio of 8.59 and a beta of 1.20. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.10. Bank of N.T. Butterfield & Son has a 1-year low of $24.62 and a 1-year high of $40.55.
Bank of N.T. Butterfield & Son Dividend Announcement
The firm 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 of this dividend is Monday, August 5th. This represents a $1.76 annualized dividend and a yield of 4.60%. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is presently 39.55%.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on Bank of N.T. Butterfield & Son
About Bank of N.T. Butterfield & Son
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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