Equities research analysts predict that Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) will announce $113.76 million in sales 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, with the lowest sales estimate coming in at $112.41 million and the highest estimate coming in at $115.10 million. Bank of N.T. Butterfield & Son Limited (The) reported sales of $105.60 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.7%. The firm is expected to report its next quarterly earnings results on Monday, February 12th.

According to Zacks, analysts expect that Bank of N.T. Butterfield & Son Limited (The) will report full year sales of $113.76 million for the current financial year, with estimates ranging from $441.53 million to $446.80 million. For the next financial year, analysts expect that the company will post sales of $478.66 million per share, with estimates ranging from $476.60 million to $480.72 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Bank of N.T. Butterfield & Son Limited (The).

Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) last announced its earnings results on Wednesday, October 25th. The bank reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.04. The company had revenue of $112.49 million during the quarter, compared to the consensus estimate of $111.66 million. Bank of N.T. Butterfield & Son Limited (The) had a net margin of 22.83% and a return on equity of 19.90%.

Several research analysts have recently issued reports on NTB shares. Zacks Investment Research cut shares of Bank of N.T. Butterfield & Son Limited (The) from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Citigroup Inc. cut shares of Bank of N.T. Butterfield & Son Limited (The) from a “buy” rating to a “neutral” rating and set a $37.00 price target for the company. in a research note on Monday, September 25th.

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Several institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of Bank of N.T. Butterfield & Son Limited (The) by 25.5% in the second quarter. FMR LLC now owns 2,188,148 shares of the bank’s stock worth $74,616,000 after acquiring an additional 445,000 shares during the last quarter. Southpoint Capital Advisors LP lifted its position in Bank of N.T. Butterfield & Son Limited (The) by 28.9% during the second quarter. Southpoint Capital Advisors LP now owns 1,200,000 shares of the bank’s stock valued at $40,920,000 after buying an additional 268,861 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Bank of N.T. Butterfield & Son Limited (The) during the third quarter valued at approximately $41,742,000. Westfield Capital Management Co. LP raised its stake in shares of Bank of N.T. Butterfield & Son Limited (The) by 57.3% during the second quarter. Westfield Capital Management Co. LP now owns 1,117,360 shares of the bank’s stock valued at $38,102,000 after purchasing an additional 407,205 shares during the period. Finally, State Street Corp raised its stake in shares of Bank of N.T. Butterfield & Son Limited (The) by 340.7% during the second quarter. State Street Corp now owns 859,224 shares of the bank’s stock valued at $29,300,000 after purchasing an additional 664,249 shares during the period. 73.19% of the stock is currently owned by institutional investors.

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

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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