Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) announced its quarterly earnings results 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. The company had revenue of $142.80 million during the quarter, compared to analysts’ expectations of $137.28 million. Bank of N.T. Butterfield & Son had a return on equity of 24.29% and a net margin of 29.60%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 earnings per share.
Bank of N.T. Butterfield & Son Price Performance
NYSE:NTB traded up $0.94 during trading hours on Wednesday, hitting $32.97. 102,235 shares of the company’s stock traded hands, compared to its average volume of 209,817. The firm has a market cap of $1.66 billion, a P/E ratio of 7.13 and a beta of 1.29. Bank of N.T. Butterfield & Son has a 52 week low of $22.93 and a 52 week high of $33.80. The business’s fifty day simple moving average is $30.65 and its two-hundred day simple moving average is $29.74. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.10.
Bank of N.T. Butterfield & Son Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, February 26th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend was Friday, February 23rd. Bank of N.T. Butterfield & Son’s dividend payout ratio is 38.60%.
Analyst Ratings Changes
View Our Latest Analysis on Bank of N.T. Butterfield & Son
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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