Equities analysts expect that Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) will announce $131.96 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Bank of N.T. Butterfield & Son’s earnings, with the highest sales estimate coming in at $133.92 million and the lowest estimate coming in at $130.00 million. Bank of N.T. Butterfield & Son posted sales of $118.50 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.4%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 21st.

According to Zacks, analysts expect that Bank of N.T. Butterfield & Son will report full-year sales of $509.73 million for the current fiscal year, with estimates ranging from $507.90 million to $511.56 million. For the next fiscal year, analysts anticipate that the business will report sales of $572.47 million, with estimates ranging from $570.60 million to $574.33 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Bank of N.T. Butterfield & Son.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its quarterly earnings results on Wednesday, October 24th. The bank reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.05). The business had revenue of $129.55 million for the quarter, compared to analysts’ expectations of $132.36 million. Bank of N.T. Butterfield & Son had a return on equity of 22.33% and a net margin of 35.65%.

A number of analysts have issued reports on NTB shares. Wells Fargo & Co reaffirmed a “buy” rating and set a $45.00 price target on shares of Bank of N.T. Butterfield & Son in a report on Wednesday, October 24th. Raymond James reaffirmed a “buy” rating on shares of Bank of N.T. Butterfield & Son in a report on Wednesday, October 24th. Zacks Investment Research downgraded Bank of N.T. Butterfield & Son from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, TheStreet raised Bank of N.T. Butterfield & Son from a “c” rating to a “b-” rating in a report on Monday, September 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $50.50.

Institutional investors and hedge funds have recently bought and sold shares of the company. Sheets Smith Wealth Management increased its position in shares of Bank of N.T. Butterfield & Son by 42.1% during the third quarter. Sheets Smith Wealth Management now owns 10,514 shares of the bank’s stock worth $545,000 after purchasing an additional 3,113 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Bank of N.T. Butterfield & Son by 32.5% during the second quarter. PNC Financial Services Group Inc. now owns 91,121 shares of the bank’s stock worth $4,167,000 after purchasing an additional 22,370 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Bank of N.T. Butterfield & Son by 13.8% during the third quarter. JPMorgan Chase & Co. now owns 808,393 shares of the bank’s stock worth $41,924,000 after purchasing an additional 98,112 shares in the last quarter. Bank of Montreal Can increased its position in shares of Bank of N.T. Butterfield & Son by 24.3% during the third quarter. Bank of Montreal Can now owns 34,937 shares of the bank’s stock worth $1,811,000 after purchasing an additional 6,837 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Bank of N.T. Butterfield & Son by 21.8% during the second quarter. Bank of New York Mellon Corp now owns 289,212 shares of the bank’s stock worth $13,304,000 after purchasing an additional 51,752 shares in the last quarter. Institutional investors and hedge funds own 74.61% of the company’s stock.

NYSE NTB traded up $0.23 during trading on Friday, reaching $35.10. 605,233 shares of the company’s stock were exchanged, compared to its average volume of 285,537. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.61 and a quick ratio of 0.61. Bank of N.T. Butterfield & Son has a 1 year low of $34.05 and a 1 year high of $53.63.

The company also recently announced a dividend, which was paid on Friday, November 16th. Stockholders of record on Monday, November 5th were given a dividend of $0.38 per share. The ex-dividend date was Friday, November 2nd. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is currently 13.29%.

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 non-interest bearing deposits, as well as certificates of deposits. The company's lending portfolio includes residential mortgage lending, automobile financing, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans.

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