Shares of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB – Get Free Report) have earned an average rating of “Buy” from the five analysts that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $35.80.
A number of research analysts have commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Bank of N.T. Butterfield & Son from $41.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. Raymond James reaffirmed an “outperform” rating and set a $36.00 price target (up previously from $32.00) on shares of Bank of N.T. Butterfield & Son in a research report on Thursday. Piper Sandler reissued 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 report on Thursday. Finally, The Goldman Sachs Group increased their target price on Bank of N.T. Butterfield & Son from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 11th.
Get Our Latest Research Report on NTB
Institutional Trading of Bank of N.T. Butterfield & Son
Bank of N.T. Butterfield & Son Stock Performance
NYSE:NTB opened at $34.06 on Thursday. The stock has a market cap of $1.71 billion, a P/E ratio of 7.65 and a beta of 1.29. Bank of N.T. Butterfield & Son has a 1-year low of $22.93 and a 1-year high of $34.56. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.66 and a quick ratio of 0.63. The firm has a 50-day moving average of $30.86 and a two-hundred day moving average of $29.87.
Bank of N.T. Butterfield & Son (NYSE:NTB – Get Free Report) last released its earnings results on Wednesday, April 24th. The bank reported $1.17 EPS for the quarter, beating the consensus estimate of $0.96 by $0.21. The company had revenue of $142.80 million during the quarter, compared to analysts’ expectations of $137.28 million. Bank of N.T. Butterfield & Son had a return on equity of 23.18% and a net margin of 27.95%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 EPS. On average, research analysts expect that Bank of N.T. Butterfield & Son will post 4.22 earnings per share for the current fiscal year.
Bank of N.T. Butterfield & Son Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 7th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date is Monday, May 6th. Bank of N.T. Butterfield & Son’s dividend payout ratio is presently 39.55%.
Bank of N.T. Butterfield & Son Company Profile
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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