Bank of N.T. Butterfield & Son (NYSE:NTB) Posts Quarterly Earnings Results, Beats Expectations By $0.21 EPS

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) released its quarterly earnings data on Tuesday. The bank reported $1.17 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 24.29%. The business had revenue of $142.80 million for the quarter, compared to analyst estimates of $137.28 million. During the same period in the previous year, the firm earned $1.24 EPS. The business's revenue for the quarter was down 2.9% compared to the same quarter last year.

Bank of N.T. Butterfield & Son Trading Up 5.1 %

Shares of NTB stock traded up $1.63 during trading hours on Wednesday, hitting $33.66. 276,941 shares of the company were exchanged, compared to its average volume of 212,200. The firm has a market cap of $1.69 billion, a PE ratio of 7.24 and a beta of 1.29. Bank of N.T. Butterfield & Son has a 1 year low of $22.93 and a 1 year high of $33.80. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average of $30.65 and a 200 day moving average of $29.74.

Bank of N.T. Butterfield & Son Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 26th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.76 annualized dividend and a dividend yield of 5.23%. Bank of N.T. Butterfield & Son's payout ratio is currently 38.60%.

Analyst Ratings Changes

A number of research analysts have issued reports on NTB shares. Keefe, Bruyette & Woods reduced their target price on shares of Bank of N.T. Butterfield & Son from $41.00 to $40.00 and set an "outperform" rating on the stock in a report on Wednesday, February 14th. The Goldman Sachs Group upped their target price on shares of Bank of N.T. Butterfield & Son from $31.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, January 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Bank of N.T. Butterfield & Son currently has a consensus rating of "Moderate Buy" and an average target price of $33.50.

Bank of N.T. Butterfield & Son Company Profile

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.