Bank of N.T. Butterfield & Son Limited (The) (NTB) Expected to Post Earnings of $0.70 Per Share

Brokerages predict that Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) will announce $0.70 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Bank of N.T. Butterfield & Son Limited (The)’s earnings. The lowest EPS estimate is $0.68 and the highest is $0.72. Bank of N.T. Butterfield & Son Limited (The) reported earnings per share of $0.60 in the same quarter last year, which would indicate a positive year over year growth rate of 16.7%. The company is scheduled to announce its next earnings report on Tuesday, October 24th.

On average, analysts expect that Bank of N.T. Butterfield & Son Limited (The) will report full year earnings of $2.79 per share for the current year. For the next fiscal year, analysts forecast that the business will post earnings of $3.31 per share, with EPS estimates ranging from $3.30 to $3.32. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Bank of N.T. Butterfield & Son Limited (The).

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) last announced its earnings results on Tuesday, July 25th. The bank reported $0.67 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.67. Bank of N.T. Butterfield & Son Limited (The) had a return on equity of 17.93% and a net margin of 19.54%. The company had revenue of $110.16 million for the quarter, compared to analysts’ expectations of $109.32 million.

Separately, Zacks Investment Research upgraded shares of Bank of N.T. Butterfield & Son Limited (The) from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Wednesday, June 21st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.75.

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Shares of Bank of N.T. Butterfield & Son Limited (NYSE:NTB) traded up 0.73% during trading on Tuesday, reaching $31.76. The company had a trading volume of 329,525 shares. Bank of N.T. Butterfield & Son Limited has a 1-year low of $23.75 and a 1-year high of $35.68. The stock has a market capitalization of $1.73 billion and a price-to-earnings ratio of 20.72. The company’s 50 day moving average is $33.46 and its 200-day moving average is $33.32.

The company also recently declared a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Monday, August 14th were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.28 annualized dividend and a dividend yield of 4.03%. Bank of N.T. Butterfield & Son Limited (The)’s dividend payout ratio (DPR) is 84.21%.

Several large investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in shares of Bank of N.T. Butterfield & Son Limited (The) by 3.2% during the 1st quarter. Wellington Management Group LLP now owns 5,243,298 shares of the bank’s stock worth $167,314,000 after purchasing an additional 160,828 shares during the period. FMR LLC lifted its holdings in Bank of N.T. Butterfield & Son Limited (The) by 25.5% during the 2nd quarter. FMR LLC now owns 2,188,148 shares of the bank’s stock worth $74,616,000 after buying an additional 445,000 shares in the last quarter. Southpoint Capital Advisors LP lifted its holdings in Bank of N.T. Butterfield & Son Limited (The) by 28.9% during the 2nd quarter. Southpoint Capital Advisors LP now owns 1,200,000 shares of the bank’s stock worth $40,920,000 after buying an additional 268,861 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in Bank of N.T. Butterfield & Son Limited (The) by 57.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,117,360 shares of the bank’s stock worth $38,102,000 after buying an additional 407,205 shares in the last quarter. Finally, State Street Corp lifted its holdings in Bank of N.T. Butterfield & Son Limited (The) by 340.7% during the 2nd quarter. State Street Corp now owns 859,224 shares of the bank’s stock worth $29,300,000 after buying an additional 664,249 shares in the last quarter. 71.25% of the stock is owned by hedge funds and other institutional investors.

Bank of N.T. Butterfield & Son Limited (The) Company Profile

The Bank of N.T. Butterfield & Son Limited (the Bank) provides banking services and wealth management services. The Bank’s geographic segments include Bermuda, the Cayman Islands and Guernsey, where its banking operations are located, and The Bahamas, Switzerland, and the United Kingdom, where it offers specialized financial services.

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