Bank of NT Butterfield & Son Limited (NYSE:NTB) expected to report earnings of $0.79 per share

Wall Street brokers expect The Bank of NT Butterfield & Son Limited (NYSE:NTB – Get Rating) to report earnings of $0.79 per share for the current fiscal quarter, Zacks reports. Two analysts released earnings estimates for Bank of NT Butterfield & Son. The highest EPS estimate is $0.81 and the lowest is $0.77. Bank of NT Butterfield & Son reported earnings of $0.83 per share in the same quarter last year, indicating a negative growth rate of 4.8% year over year. The company is expected to announce its next earnings report after the market closes on Monday, January 1.

On average, analysts expect Bank of NT Butterfield & Son to report annual earnings of $3.59 per share for the current fiscal year, with EPS estimates ranging from $3.53 to 3.64 $. For next year, analysts expect the company to post earnings of $4.08 per share, with EPS estimates ranging from $3.91 to $4.25. Zacks Investment Research earnings per share averages are an average based on a survey of sell-side research firms that cover Bank of NT Butterfield & Son.

Bank of NT Butterfield & Son (NYSE:NTB – Get Rating) released its quarterly results for the last time on Sunday, February 13. The bank reported EPS of $0.84 for the quarter, beating the Zacks consensus estimate of $0.81 by $0.03. The company posted revenue of $127.20 million for the quarter, versus analyst estimates of $124.75 million. Bank of NT Butterfield & Son recorded a return on equity of 17.03% and a net margin of 31.56%. Bank of NT Butterfield & Son’s revenue for the quarter increased 3.2% on an annual basis. During the same period of the previous year, the company achieved EPS of $0.86.

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Several research analysts have published reports on NTB shares. StockNews.com picked up coverage from Bank of NT Butterfield & Son in a Thursday, March 31 report. They have set a “holding” rating on the stock. Zacks Investment Research downgraded Bank of NT Butterfield & Son’s rating from a “buy” rating to a “hold” rating in a Wednesday, April 20 research note. Raymond James raised its price target on shares of Bank of NT Butterfield & Son from $38.00 to $44.00 and gave the company an “outperform” rating in a Wednesday, Feb. 16 research report. Piper Sandler raised her target price on Bank of NT Butterfield & Son from $41.00 to $47.00 in a Wednesday, February 16 report. Finally, Goldman Sachs Group raised its price target on Bank of NT Butterfield & Son from $40.00 to $49.00 and gave the company a “buy” rating in a Tuesday, January 11 report. Three analysts rated the stock with a hold rating and two gave the company a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $44.80.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC increased its stake in Bank of NT Butterfield & Son shares by 200.2% in Q3. Barclays PLC now owns 22,509 shares in the bank worth $799,000 after buying a further 15,011 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Bank of NT Butterfield & Son by 0.4% in the third quarter. Macquarie Group Ltd. now owns 1,639,232 shares of the bank worth $58,209,000 after purchasing an additional 7,107 shares during the period. Duality Advisers LP bought a new stake in shares of Bank of NT Butterfield & Son in Q3 for a value of approximately $219,000. Commonwealth Equity Services LLC purchased a new stake in shares of Bank of NT Butterfield & Son in Q3 for a value of approximately $221,000. Finally, Russell Investments Group Ltd. increased its position in shares of Bank of NT Butterfield & Son by 31.4% in the 4th quarter. Russell Investments Group Ltd. now owns 74,038 shares of the bank worth $2,820,000 after purchasing an additional 17,709 shares during the period. Institutional investors and hedge funds own 62.58% of the company’s shares.

NYSE: NTB was down $0.58 during Friday trading hours, hitting $32.52. 1,785 shares were traded, against an average volume of 162,134. The company’s 50-day moving average is $35.95 and its two-hundred-day moving average is $37.53. Bank of NT Butterfield & Son has a 12-month low of $30.95 and a 12-month high of $41.69. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt ratio of 0.18. The company has a market capitalization of $1.75 billion, a P/E ratio of 9.98 and a beta of 1.70.

The company also recently announced a quarterly dividend, which was paid on Monday, March 14. Shareholders of record on Monday, February 28 received a dividend of $0.44. This represents an annualized dividend of $1.76 and a yield of 5.41%. The ex-dividend date was Friday, February 25. Bank of NT Butterfield & Son’s dividend payout ratio is currently 53.99%.

About the Bank of NT Butterfield & Son (Get a rating)

The Bank of NT Butterfield & Son Limited offers a range of community, commercial and private banking services to individuals and small and medium enterprises. It accepts retail and business checks, savings, term, interest-bearing and non-interest-bearing deposits, and certificates of deposit.

Further reading

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Earnings history and estimates for Bank of NT Butterfield & Son (NYSE:NTB)

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