Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) released its earnings results on Tuesday. The bank reported $1.17 EPS for the quarter, beating the consensus estimate of $0.96 by $0.21, Briefing.com reports. The company had revenue of $142.80 million for the quarter, compared to analyst estimates of $137.28 million. Bank of N.T. Butterfield & Son had a net margin of 27.95% and a return on equity of 23.18%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.24 EPS.
Bank of N.T. Butterfield & Son Stock Performance
NTB stock opened at $34.12 on Friday. Bank of N.T. Butterfield & Son has a one year low of $22.93 and a one year high of $34.29. 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 firm has a market cap of $1.71 billion, a price-to-earnings ratio of 7.67 and a beta of 1.29. The firm has a 50-day simple moving average of $30.78 and a two-hundred day simple moving average of $29.80.
Bank of N.T. Butterfield & Son Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 7th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 5.16%. The ex-dividend date is Monday, May 6th. Bank of N.T. Butterfield & Son’s payout ratio is 39.55%.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis 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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