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

Bank of N.T. Butterfield & Son (NYSE:NTB) will release its earnings data after the market closes on Tuesday, April 23rd. Analysts expect Bank of N.T. Butterfield & Son to post earnings of $0.96 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Bank of N.T. Butterfield & Son (NYSE:NTB) last released its quarterly earnings data on Tuesday, February 13th. The bank reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. Bank of N.T. Butterfield & Son had a return on equity of 24.29% and a net margin of 29.60%. The business had revenue of $146.90 million during the quarter, compared to analysts’ expectations of $141.34 million. During the same quarter last year, the business posted $1.27 EPS. On average, analysts expect Bank of N.T. Butterfield & Son to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Bank of N.T. Butterfield & Son Trading Up 2.0 %

NYSE NTB opened at $31.06 on Friday. The stock has a market cap of $1.56 billion, a P/E ratio of 6.81 and a beta of 1.29. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a 50 day simple moving average of $30.57 and a two-hundred day simple moving average of $29.64. Bank of N.T. Butterfield & Son has a fifty-two week low of $22.93 and a fifty-two week high of $33.80.

Bank of N.T. Butterfield & Son Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 26th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date of this dividend was Friday, February 23rd. Bank of N.T. Butterfield & Son’s payout ratio is presently 38.60%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NTB. Raymond James & Associates bought a new position in Bank of N.T. Butterfield & Son during the 1st quarter valued at approximately $309,000. PNC Financial Services Group Inc. increased its position in Bank of N.T. Butterfield & Son by 26.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,831 shares of the bank’s stock valued at $138,000 after buying an additional 793 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Bank of N.T. Butterfield & Son by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 986,358 shares of the bank’s stock valued at $35,392,000 after buying an additional 6,178 shares in the last quarter. Sei Investments Co. increased its position in Bank of N.T. Butterfield & Son by 1.6% during the 1st quarter. Sei Investments Co. now owns 24,313 shares of the bank’s stock valued at $874,000 after buying an additional 385 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Bank of N.T. Butterfield & Son by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 471,318 shares of the bank’s stock valued at $16,912,000 after buying an additional 13,288 shares in the last quarter. Institutional investors own 62.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group raised their target price on Bank of N.T. Butterfield & Son from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Keefe, Bruyette & Woods lowered their target price on Bank of N.T. Butterfield & Son from $41.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.50.

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.