Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) issued its quarterly earnings results on Tuesday. The bank reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 24.29% and a net margin of 29.60%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 EPS.
Bank of N.T. Butterfield & Son Price Performance
Shares of NYSE:NTB traded up $1.08 during trading on Wednesday, hitting $33.11. 126,794 shares of the stock were exchanged, compared to its average volume of 210,120. The company has a fifty day moving average price of $30.65 and a two-hundred day moving average price of $29.74. The company has a market cap of $1.66 billion, a PE ratio of 7.24 and a beta of 1.29. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10. Bank of N.T. Butterfield & Son has a 12-month low of $22.93 and a 12-month high of $33.80.
Bank of N.T. Butterfield & Son Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 26th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 5.32%. The ex-dividend date was Friday, February 23rd. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is 38.60%.
Wall Street Analyst Weigh In
View Our Latest Stock Report on NTB
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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