Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) announced its earnings results on Tuesday. The bank reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.21, Briefing.com reports. Bank of N.T. Butterfield & Son had a net margin of 29.60% and a return on equity of 23.40%. The company had revenue of $142.80 million during the quarter, compared to analyst estimates of $137.28 million. During the same period in the previous year, the business earned $1.24 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year.
Bank of N.T. Butterfield & Son Stock Up 0.5 %
NYSE:NTB traded up $0.18 during midday trading on Thursday, reaching $33.84. 149,843 shares of the stock traded hands, compared to its average volume of 211,344. Bank of N.T. Butterfield & Son has a 12-month low of $22.93 and a 12-month high of $34.06. The business has a 50-day moving average of $30.72 and a two-hundred day moving average of $29.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $1.70 billion, a PE ratio of 7.60 and a beta of 1.29.
Bank of N.T. Butterfield & Son Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 7th will be given a dividend of $0.44 per share. The ex-dividend date is Monday, May 6th. This represents a $1.76 dividend on an annualized basis and a yield of 5.20%. Bank of N.T. Butterfield & Son’s payout ratio is 39.55%.
Analysts Set New Price Targets
View Our Latest Research Report 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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