Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) issued its quarterly earnings results on Tuesday. The bank reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.06, Briefing.com reports. The company had revenue of $142.70 million during the quarter, compared to the consensus estimate of $142.07 million. Bank of N.T. Butterfield & Son had a net margin of 25.93% and a return on equity of 21.48%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 earnings per share.
Bank of N.T. Butterfield & Son Stock Down 2.7 %
NTB traded down $1.05 during trading on Friday, hitting $37.19. 68,034 shares of the stock were exchanged, compared to its average volume of 198,046. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.10. Bank of N.T. Butterfield & Son has a 1-year low of $24.62 and a 1-year high of $40.55. The stock has a fifty day moving average price of $37.30 and a two-hundred day moving average price of $35.63.
Bank of N.T. Butterfield & Son Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 5th will be given a $0.44 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.73%. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is presently 39.20%.
Analyst Ratings Changes
Read Our Latest Research Report on NTB
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.
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