Wall Street analysts expect Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) to report sales of $134.87 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Bank of N.T. Butterfield & Son’s earnings, with the lowest sales estimate coming in at $134.84 million and the highest estimate coming in at $134.90 million. Bank of N.T. Butterfield & Son reported sales of $129.34 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The business is expected to report its next quarterly earnings report on Tuesday, July 23rd.

On average, analysts expect that Bank of N.T. Butterfield & Son will report full year sales of $553.21 million for the current fiscal year, with estimates ranging from $549.70 million to $556.73 million. For the next fiscal year, analysts forecast that the business will report sales of $609.07 million, with estimates ranging from $591.70 million to $626.44 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Bank of N.T. Butterfield & Son.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its quarterly earnings results on Thursday, April 25th. The bank reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. The firm had revenue of $131.36 million during the quarter, compared to analyst estimates of $133.29 million. Bank of N.T. Butterfield & Son had a return on equity of 23.28% and a net margin of 37.06%. During the same quarter in the previous year, the business earned $0.81 earnings per share.

NTB has been the subject of a number of research reports. Zacks Investment Research lowered Bank of N.T. Butterfield & Son from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. ValuEngine lowered Bank of N.T. Butterfield & Son from a “hold” rating to a “sell” rating in a report on Friday, February 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $45.25.

Shares of NYSE NTB opened at $33.98 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.81 billion, a P/E ratio of 9.63, a PEG ratio of 1.43 and a beta of 1.94. Bank of N.T. Butterfield & Son has a 52-week low of $29.42 and a 52-week high of $53.63.

The company also recently declared a dividend, which was paid on Friday, May 17th. Investors of record on Monday, May 6th were issued a $0.44 dividend. The ex-dividend date was Friday, May 3rd.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Group LLC lifted its holdings in Bank of N.T. Butterfield & Son by 2.3% during the fourth quarter. Renaissance Group LLC now owns 15,941 shares of the bank’s stock worth $500,000 after buying an additional 364 shares during the period. Rhumbline Advisers lifted its holdings in Bank of N.T. Butterfield & Son by 0.7% during the first quarter. Rhumbline Advisers now owns 70,918 shares of the bank’s stock worth $2,545,000 after buying an additional 479 shares during the period. First Interstate Bank lifted its holdings in Bank of N.T. Butterfield & Son by 11.2% during the first quarter. First Interstate Bank now owns 6,725 shares of the bank’s stock worth $241,000 after buying an additional 675 shares during the period. Ropes Wealth Advisors LLC purchased a new stake in Bank of N.T. Butterfield & Son during the first quarter worth $36,000. Finally, BB&T Securities LLC lifted its holdings in Bank of N.T. Butterfield & Son by 10.2% during the fourth quarter. BB&T Securities LLC now owns 11,111 shares of the bank’s stock worth $348,000 after buying an additional 1,030 shares during the period. Hedge funds and other institutional investors own 71.61% of the company’s stock.

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 deposit. 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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