Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) announced its earnings results on Tuesday. The bank reported $1.16 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $142.70 million during the quarter, compared to analysts’ expectations of $142.07 million. During the same quarter last year, the business posted $1.16 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis.
Bank of N.T. Butterfield & Son Trading Up 0.7 %
Bank of N.T. Butterfield & Son stock traded up $0.28 during midday trading on Thursday, reaching $38.23. The stock had a trading volume of 240,936 shares, compared to its average volume of 198,712. Bank of N.T. Butterfield & Son has a twelve month low of $24.62 and a twelve month high of $40.55. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 8.59 and a beta of 1.18. The firm’s fifty day simple moving average is $37.30 and its two-hundred day simple moving average is $35.63.
Bank of N.T. Butterfield & Son Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.60%. Bank of N.T. Butterfield & Son’s dividend payout ratio is currently 39.55%.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on NTB
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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