Bank of NT Butterfield & Son (NYSE:NTB – Get Rating) will release quarterly earnings data after market close on Monday, July 25. Analysts expect the company to report earnings of $0.92 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
Bank of NT Butterfield & Son (NYSE:NTB – Get Rating) last reported results on Monday, May 2. The bank reported EPS of $0.90 for the quarter, beating analyst consensus estimates of $0.79 by $0.11. The company posted revenue of $125.79 million in the quarter, versus a consensus estimate of $124.65 million. Bank of NT Butterfield & Son posted a net margin of 31.87% and a return on equity of 17.72%. In the same period a year earlier, the company posted earnings per share of $0.83. On average, analysts expect Bank of NT Butterfield & Son to post EPS of $4 for the current fiscal year and EPS of $5 for the next fiscal year.
Performance of Bank of NT Butterfield & Son Shares
Bank of NT Butterfield & Son shares opened at $32.87 on Monday. Bank of NT Butterfield & Son has a 1-year low of $28.67 and a 1-year high of $41.69. The company has a market capitalization of $1.77 billion, a PE ratio of 9.90 and a beta of 1.57. The company has a debt ratio of 0.20, a quick ratio of 0.63 and a current ratio of 0.63. The company has a 50-day simple moving average of $30.90 and a two-hundred-day simple moving average of $34.75.
Bank of NT Butterfield & Son Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 31. Investors of record on Monday, May 16 received a dividend of $0.44. The ex-dividend date was Friday, May 13. This represents a dividend of $1.76 on an annualized basis and a yield of 5.35%. Bank of NT Butterfield & Son’s dividend payout ratio is currently 53.01%.
Bank of NT Butterfield & Son Institutional Trading
A number of institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in shares of Bank of NT Butterfield & Son by 26.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,831 shares of the bank worth $138,000 after purchasing an additional 793 shares during the period. Quantbot Technologies LP acquired a new stake in Bank of NT Butterfield & Son in Q1 valued at approximately $196,000. Raymond James & Associates bought a new position in Bank of NT Butterfield & Son during Q1 worth $309,000. Graham Capital Management LP purchased a new stake in shares of Bank of NT Butterfield & Son during Q1 valued at $314,000. Finally, Mariner LLC acquired a new stake in shares of Bank of NT Butterfield & Son in the first quarter at a value of $373,000.
A Wall Street analyst gives his opinion
Several research companies have commented on NTB. StockNews.com began covering Bank of NT Butterfield & Son in a research report on Thursday, March 31. They issued a “hold” rating on the stock. Raymond James cut his price target on Bank of NT Butterfield & Son from $40.00 to $35.00 and set an “outperform” rating for the company in a Thursday, July 7 research note. Wells Fargo & Company downgraded Bank of NT Butterfield & Son from a “weighted” rating to an “overweight” rating and set a target price of $38.00 for the company in a Thursday July 7 research note. Finally, Goldman Sachs Group raised its price target on Bank of NT Butterfield & Son from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Thursday.
Bank of NT Butterfield & Son Company Profile
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The Bank of NT Butterfield & Son Limited offers a range of community, commercial and private banking services to individuals and small and medium enterprises. It accepts retail and business checks, savings, term, interest-bearing and interest-free deposits, and certificates of deposit.
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