Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) posted its quarterly earnings data on Monday. The bank reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.17, Zacks reports. Bank of N.T. Butterfield & Son had a return on equity of 21.14% and a net margin of 25.93%.
Bank of N.T. Butterfield & Son Price Performance
Bank of N.T. Butterfield & Son stock traded down $0.94 during trading hours on Thursday, hitting $40.38. 212,621 shares of the stock were exchanged, compared to its average volume of 184,290. The stock has a market capitalization of $1.92 billion, a P/E ratio of 8.99 and a beta of 1.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.66 and a current ratio of 0.66. Bank of N.T. Butterfield & Son has a 12 month low of $29.06 and a 12 month high of $41.88. The business's 50-day moving average is $37.01 and its two-hundred day moving average is $37.14.
Analyst Ratings Changes
Several equities analysts have commented on NTB shares. Keefe, Bruyette & Woods upped their price target on Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the company a "market perform" rating in a report on Wednesday. Wells Fargo & Company raised their price target on shares of Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the stock an "overweight" rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Bank of N.T. Butterfield & Son currently has a consensus rating of "Moderate Buy" and an average price target of $40.80.
Check Out Our Latest Stock Report on Bank of N.T. Butterfield & Son
About Bank of N.T. Butterfield & Son
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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.
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