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

Bank of N.T. Butterfield & Son (NYSE:NTB) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 22nd. Analysts expect Bank of N.T. Butterfield & Son to post earnings of $1.10 per share for the quarter. Persons that wish to register for the company’s earnings 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 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The business had revenue of $143.10 million during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm 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 Stock Down 1.2 %

NYSE:NTB opened at $38.73 on Monday. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 8.70 and a beta of 1.18. Bank of N.T. Butterfield & Son has a one year low of $24.62 and a one year high of $40.55. The stock has a 50-day simple moving average of $37.12 and a 200 day simple moving average of $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.

Analyst Ratings Changes

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

Bank of N.T. Butterfield & Son Company Profile

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.