The Bank of N.T. Butterfield & Son Limited Declares Quarterly Dividend of $0.44 (NYSE:NTB)

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Tuesday, May 7th will be given a dividend of 0.44 per share by the bank on Tuesday, May 21st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Monday, May 6th.

Bank of N.T. Butterfield & Son Trading Up 5.1 %

NYSE NTB opened at $33.66 on Thursday. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 7.56 and a beta of 1.29. Bank of N.T. Butterfield & Son has a one year low of $22.93 and a one year high of $33.80. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.63. The business’s fifty day moving average is $30.72 and its 200-day moving average is $29.77.

Bank of N.T. Butterfield & Son (NYSE:NTB) last announced its quarterly earnings data on Tuesday, April 23rd. The bank reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.21. Bank of N.T. Butterfield & Son had a return on equity of 23.40% and a net margin of 29.60%. The business had revenue of $142.80 million for the quarter, compared to analysts’ expectations of $137.28 million. During the same period in the previous year, the business posted $1.24 EPS. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities research analysts predict that Bank of N.T. Butterfield & Son will post 4.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group boosted their price objective 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 price objective on Bank of N.T. Butterfield & Son from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 14th. Finally, Piper Sandler restated an “overweight” rating and issued a $38.00 price objective (up from $34.00) on shares of Bank of N.T. Butterfield & Son in a research note on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.40.

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.