Bank of N.T. Butterfield & Son (NTB) to Release Earnings on Wednesday

Bank of N.T. Butterfield & Son (NYSE:NTB) will likely be announcing its earnings results after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $1.03 per share and revenue of $140.89 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Bank of N.T. Butterfield & Son (NYSE:NTB) last released its quarterly earnings results on Monday, February 10th. The bank reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.17. Bank of N.T. Butterfield & Son had a return on equity of 21.46% and a net margin of 26.51%. On average, analysts expect Bank of N.T. Butterfield & Son to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Bank of N.T. Butterfield & Son Price Performance

Bank of N.T. Butterfield & Son stock opened at $36.87 on Wednesday. Bank of N.T. Butterfield & Son has a 52-week low of $30.07 and a 52-week high of $41.88. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 7.81 and a beta of 0.82. The firm’s fifty day moving average is $38.19 and its 200 day moving average is $37.53. The company has a quick ratio of 0.66, a current ratio of 0.63 and a debt-to-equity ratio of 0.10.

Bank of N.T. Butterfield & Son Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend was Monday, February 24th. Bank of N.T. Butterfield & Son’s payout ratio is 37.29%.

Analysts Set New Price Targets

NTB has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods raised their price target on Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.80.

Bank of N.T. Butterfield & Son Company Profile

The Bank of N.T. Butterfield & Son Ltd. provides community banking and wealth management business. The firm operates through the following geographical segments: Bermuda, the Cayman Islands, Channel Islands and the UK, and Other. The Bermuda and Cayman segments offer retail banking and wealth management.