Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Bank of N.T. Butterfield & Son (NYSE:NTB) Stock Price
News headlines about Bank of N.T. Butterfield & Son (NYSE:NTB) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bank of N.T. Butterfield & Son earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.2524016865872 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Separately, Zacks Investment Research cut shares of Bank of N.T. Butterfield & Son from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Bank of N.T. Butterfield & Son currently has a consensus rating of “Buy” and an average target price of $31.75.
Shares of Bank of N.T. Butterfield & Son (NTB) opened at 34.59 on Monday. The stock’s 50 day moving average is $34.39 and its 200-day moving average is $33.27. Bank of N.T. Butterfield & Son has a 1-year low of $23.75 and a 1-year high of $35.68. The stock has a market cap of $1.89 billion and a PE ratio of 22.56.
Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.67 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.67. Bank of N.T. Butterfield & Son had a net margin of 33.23% and a negative return on equity of 4.74%. The firm had revenue of $110.16 million during the quarter, compared to analysts’ expectations of $109.32 million. On average, analysts predict that Bank of N.T. Butterfield & Son will post $2.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Monday, August 14th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Thursday, August 10th. Bank of N.T. Butterfield & Son’s dividend payout ratio (DPR) is 84.21%.
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About Bank of N.T. Butterfield & Son
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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