Bank of N.T. Butterfield & Son (NTB) Scheduled to Post Earnings on Tuesday

Bank of N.T. Butterfield & Son (NYSE:NTB) will be issuing its quarterly earnings data after the market closes on Tuesday, October 22nd. Analysts expect the company to announce earnings of $1.10 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Bank of N.T. Butterfield & Son (NYSE:NTB) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.04. The company had revenue of $143.10 million for the quarter, compared to analysts’ expectations of $139.75 million. Bank of N.T. Butterfield & Son had a return on equity of 22.32% and a net margin of 25.97%. The firm’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 earnings per share. On average, analysts expect Bank of N.T. Butterfield & Son to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Bank of N.T. Butterfield & Son Price Performance

NYSE NTB opened at $38.73 on Monday. The stock has a market capitalization of $1.95 billion, a P/E ratio of 8.70 and a beta of 1.18. Bank of N.T. Butterfield & Son has a 1 year low of $24.62 and a 1 year high of $40.55. The business’s fifty day moving average is $37.12 and its two-hundred day moving average is $35.52. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 0.67.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NTB shares. Keefe, Bruyette & Woods downgraded shares of Bank of N.T. Butterfield & Son from an “outperform” rating to a “market perform” rating and cut their target price for the company from $44.00 to $41.00 in a research note on Wednesday, October 2nd. The Goldman Sachs Group upped their price target on shares of Bank of N.T. Butterfield & Son from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, Wells Fargo & Company upped their price target on shares of Bank of N.T. Butterfield & Son from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.60.

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.