Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) posted its quarterly earnings data on Tuesday. The bank reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.21, Briefing.com reports. Bank of N.T. Butterfield & Son had a return on equity of 23.40% and a net margin of 29.60%. The company had revenue of $142.80 million during the quarter, compared to analysts’ expectations of $137.28 million. During the same period in the prior year, the business earned $1.24 earnings per share. Bank of N.T. Butterfield & Son’s revenue for the quarter was down 2.9% compared to the same quarter last year.
Bank of N.T. Butterfield & Son Stock Up 5.1 %
Shares of NYSE NTB opened at $33.66 on Thursday. The stock has a market cap of $1.69 billion, a PE ratio of 7.56 and a beta of 1.29. The business has a fifty day moving average of $30.72 and a two-hundred day moving average of $29.77. Bank of N.T. Butterfield & Son has a 52-week low of $22.93 and a 52-week high of $33.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 0.63.
Bank of N.T. Butterfield & Son Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders 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 dividend on an annualized basis and a dividend yield of 5.23%. Bank of N.T. Butterfield & Son’s payout ratio is presently 39.55%.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on NTB
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.
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