Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) announced its earnings results on Tuesday. The bank reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.21, Briefing.com reports. The company had revenue of $142.80 million for the quarter, compared to analyst estimates of $137.28 million. Bank of N.T. Butterfield & Son had a return on equity of 24.29% and a net margin of 29.60%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.24 earnings per share.
Bank of N.T. Butterfield & Son Stock Performance
NYSE NTB traded up $0.94 during trading hours on Wednesday, hitting $32.97. The company had a trading volume of 110,138 shares, compared to its average volume of 210,019. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 0.63. Bank of N.T. Butterfield & Son has a 1-year low of $22.93 and a 1-year high of $33.80. The company has a market cap of $1.66 billion, a PE ratio of 7.24 and a beta of 1.29. The business has a 50 day moving average of $30.65 and a 200-day moving average of $29.74.
Bank of N.T. Butterfield & Son Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 26th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.76 annualized dividend and a yield of 5.34%. Bank of N.T. Butterfield & Son’s dividend payout ratio is presently 38.60%.
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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.
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