The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Expected to Announce Earnings of $0.91 Per Share

Equities analysts expect The Bank of N.T. Butterfield & Son Limited (NYSE:NTBGet Rating) to post earnings per share (EPS) of $0.91 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Bank of N.T. Butterfield & Son’s earnings. The lowest EPS estimate is $0.87 and the highest is $0.94. Bank of N.T. Butterfield & Son posted earnings of $0.80 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.8%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Bank of N.T. Butterfield & Son will report full-year earnings of $3.86 per share for the current fiscal year, with EPS estimates ranging from $3.71 to $4.00. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.24 per share, with EPS estimates ranging from $3.93 to $4.55. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Bank of N.T. Butterfield & Son.

Bank of N.T. Butterfield & Son (NYSE:NTBGet Rating) last issued its quarterly earnings results on Monday, May 2nd. The bank reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Bank of N.T. Butterfield & Son had a return on equity of 17.72% and a net margin of 31.87%. During the same quarter in the prior year, the firm posted $0.83 earnings per share.

A number of equities analysts recently weighed in on NTB shares. Raymond James raised their price objective on Bank of N.T. Butterfield & Son from $38.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, February 16th. StockNews.com assumed coverage on Bank of N.T. Butterfield & Son in a report on Thursday, March 31st. They set a “hold” rating on the stock. Piper Sandler lifted their price target on Bank of N.T. Butterfield & Son from $41.00 to $47.00 in a research note on Wednesday, February 16th. Finally, Zacks Investment Research raised Bank of N.T. Butterfield & Son from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Friday, May 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $43.20.

A number of institutional investors have recently made changes to their positions in the business. Philadelphia Financial Management of San Francisco LLC purchased a new position in Bank of N.T. Butterfield & Son in the 1st quarter worth approximately $15,161,000. Polar Capital Holdings Plc boosted its position in shares of Bank of N.T. Butterfield & Son by 24.0% during the first quarter. Polar Capital Holdings Plc now owns 254,235 shares of the bank’s stock valued at $9,122,000 after purchasing an additional 49,174 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Bank of N.T. Butterfield & Son during the first quarter valued at approximately $196,000. Goldman Sachs Group Inc. boosted its holdings in Bank of N.T. Butterfield & Son by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 148,688 shares of the bank’s stock worth $5,335,000 after acquiring an additional 10,017 shares in the last quarter. Finally, State Street Corp boosted its holdings in Bank of N.T. Butterfield & Son by 5.8% in the first quarter. State Street Corp now owns 743,532 shares of the bank’s stock worth $26,678,000 after acquiring an additional 40,872 shares in the last quarter.

Shares of NYSE NTB opened at $29.16 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.63 and a quick ratio of 0.63. Bank of N.T. Butterfield & Son has a 1-year low of $28.67 and a 1-year high of $41.69. The stock’s 50-day moving average is $34.03 and its 200 day moving average is $36.75.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, May 13th. This represents a $1.76 dividend on an annualized basis and a yield of 6.04%. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is currently 53.01%.

Bank of N.T. Butterfield & Son Company Profile (Get Rating)

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, as well as certificate of deposits.

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Earnings History and Estimates for Bank of N.T. Butterfield & Son (NYSE:NTB)

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