Bank of N.T. Butterfield & Son (NTB) Set to Announce Quarterly Earnings on Tuesday

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) is scheduled to issue 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 registering for the company's conference call can do so using this link.

Bank of N.T. Butterfield & Son (NYSE:NTB - Get Free Report) last released its quarterly earnings results on Monday, July 22nd. The bank reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.04. Bank of N.T. Butterfield & Son had a net margin of 25.97% and a return on equity of 22.32%. The business had revenue of $143.10 million for the quarter, compared to analysts' expectations of $139.75 million. During the same period in the previous year, the company earned $1.14 earnings per share. The firm's revenue for the quarter was up .4% compared to the same quarter last year. 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 Up 1.7 %

Bank of N.T. Butterfield & Son stock traded up $0.65 during midday trading on Tuesday, hitting $38.35. 165,933 shares of the stock were exchanged, compared to its average volume of 199,497. Bank of N.T. Butterfield & Son has a 52-week low of $24.62 and a 52-week high of $40.55. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 8.47 and a beta of 1.18. The business's 50-day moving average price is $36.79 and its 200-day moving average price is $35.32. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 5th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.59%. The ex-dividend date was Monday, August 5th. Bank of N.T. Butterfield & Son's dividend payout ratio (DPR) is currently 39.55%.

Analysts Set New Price Targets

NTB has been the topic of several research reports. The Goldman Sachs Group boosted their price target on shares of Bank of N.T. Butterfield & Son from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, July 11th. Wells Fargo & Company boosted their price target on shares of Bank of N.T. Butterfield & Son from $40.00 to $43.00 and gave the company an "overweight" rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods lowered shares of Bank of N.T. Butterfield & Son from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $44.00 to $41.00 in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Bank of N.T. Butterfield & Son currently has an average rating of "Moderate Buy" and a consensus target price 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.