Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) posted its quarterly earnings results on Tuesday. The bank reported $1.17 earnings per share (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 27.95% and a return on equity of 23.18%. The firm had revenue of $142.80 million during the quarter, compared to analyst estimates of $137.28 million. During the same quarter in the prior year, the business posted $1.24 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year.
Bank of N.T. Butterfield & Son Price Performance
Shares of NTB stock opened at $34.12 on Friday. The firm’s 50 day moving average price is $30.78 and its two-hundred day moving average price is $29.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 0.66. The stock has a market cap of $1.71 billion, a PE ratio of 7.67 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 $34.29.
Bank of N.T. Butterfield & Son Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 7th will be paid 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 yield of 5.16%. Bank of N.T. Butterfield & Son’s payout ratio is presently 39.55%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research 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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