Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) issued its earnings results on Wednesday. The bank reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.21, Briefing.com reports. The firm had revenue of $142.80 million for the quarter, compared to analysts’ expectations of $137.28 million. Bank of N.T. Butterfield & Son had a return on equity of 23.18% and a net margin of 27.95%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.24 earnings per share.
Bank of N.T. Butterfield & Son Stock Up 0.5 %
Bank of N.T. Butterfield & Son stock traded up $0.17 during mid-day trading on Friday, reaching $34.29. The company’s stock had a trading volume of 19,658 shares, compared to its average volume of 210,965. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 0.66. Bank of N.T. Butterfield & Son has a 12 month low of $22.93 and a 12 month high of $34.56. The business’s 50 day simple moving average is $30.78 and its 200 day simple moving average is $29.80. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 7.67 and a beta of 1.29.
Bank of N.T. Butterfield & Son Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 7th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 5.13%. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is presently 39.55%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Bank of N.T. Butterfield & Son
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 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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