Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) released its quarterly earnings data on Tuesday. The bank reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.06, Briefing.com reports. Bank of N.T. Butterfield & Son had a return on equity of 22.32% and a net margin of 25.97%. The firm had revenue of $142.70 million during the quarter, compared to analysts’ expectations of $142.07 million. During the same quarter last year, the firm earned $1.16 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis.
Bank of N.T. Butterfield & Son Stock Performance
Shares of NYSE:NTB traded up $0.28 during trading on Thursday, reaching $38.23. The stock had a trading volume of 240,936 shares, compared to its average volume of 198,712. The stock has a fifty day simple moving average of $37.30 and a two-hundred day simple moving average of $35.63. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.10. Bank of N.T. Butterfield & Son has a 52 week low of $24.62 and a 52 week high of $40.55. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 8.59 and a beta of 1.18.
Bank of N.T. Butterfield & Son Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $1.76 annualized dividend and a yield of 4.60%. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is presently 39.55%.
Wall Street Analysts Forecast Growth
View Our Latest 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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