Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) declared a quarterly dividend on Monday, January 1st, NASDAQ reports. Investors of record on Monday, January 1st will be paid a dividend of 0.44 per share by the bank on Monday, January 1st. This represents a $1.76 dividend on an annualized basis and a yield of 6.76%. The ex-dividend date is Tuesday, August 4th.
Bank of N.T. Butterfield & Son has a dividend payout ratio of 67.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bank of N.T. Butterfield & Son to earn $2.65 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 66.4%.
Bank of N.T. Butterfield & Son stock opened at $26.03 on Friday. The company has a market cap of $1.40 billion, a P/E ratio of 8.53 and a beta of 2.21. Bank of N.T. Butterfield & Son has a one year low of $13.76 and a one year high of $38.05. The business has a fifty day moving average of $24.60 and a two-hundred day moving average of $25.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.72 and a current ratio of 0.72.
Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.55 by $0.12. The business had revenue of $120.77 million during the quarter, compared to the consensus estimate of $121.55 million. Bank of N.T. Butterfield & Son had a net margin of 28.51% and a return on equity of 17.47%. Sell-side analysts predict that Bank of N.T. Butterfield & Son will post 2.73 EPS for the current year.
Several equities research analysts have recently commented on the company. Piper Sandler boosted their price target on Bank of N.T. Butterfield & Son from $30.00 to $32.00 and gave the stock an "overweight" rating in a research note on Friday, July 24th. Raymond James boosted their target price on Bank of N.T. Butterfield & Son from $26.00 to $29.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 28th. Wells Fargo & Co lowered Bank of N.T. Butterfield & Son from an "overweight" rating to an "equal weight" rating and set a $25.00 target price on the stock. in a report on Tuesday, June 2nd. Citigroup lifted their price target on Bank of N.T. Butterfield & Son from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, June 18th. Finally, Zacks Investment Research raised shares of Bank of N.T. Butterfield & Son from a "hold" rating to a "buy" rating and set a $30.00 price objective on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company's stock. Bank of N.T. Butterfield & Son currently has an average rating of "Hold" and a consensus target price of $28.20.
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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7 Energy Stocks to Buy On This Historical Dip
It may seem hard to believe, but the current chaos in the energy sector, and oil stocks, in particular, will pass. The novel coronavirus that has birthed a global pandemic is being compared to the Spanish Flu of 1918.
Of course, when you have once in a century event, it’s difficult to look back in history and make an apples-to-apples comparison to our current situation. This isn’t to minimize our current situation. It’s simply to say that the market is forward-looking, but it’s also emotional. And it also hates uncertainty.
In a typical economic downturn, demand decreases, and investors are advised to “buy the dip.” But in the current environment, demand has been destroyed. Millions of Americans are being asked, and in some cases ordered, to stay home. And this simply means that oil demand is down. And investors are looking at prices that are, in some cases, at all-time lows.
The trading app Robinhood is frequented by millennial investors. And according to the latest information, many investors are trying to buy the dip on old guard oil stocks. That may be a mistake.
But the energy sector is about more than just oil stocks. There are several companies that are holding their own in the current environment. And that means when the economy opens up, these companies will be well-positioned for further growth.
Currently, the volatility and uncertainty surrounding energy stocks make them a poor choice for growth investors. However, many of these companies in this presentation offer a secure dividend that, along with the potential for capital appreciation, can make them a solid play for income investors.
View the "7 Energy Stocks to Buy On This Historical Dip".