Bank of N.T. Butterfield & Son (NYSE:NTB) Releases Earnings Results, Beats Estimates By $0.17 EPS

Bank of N.T. Butterfield & Son (NYSE:NTB) announced its quarterly earnings results on Monday. The bank reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.17, Zacks reports. Bank of N.T. Butterfield & Son had a return on equity of 21.14% and a net margin of 25.93%.

Bank of N.T. Butterfield & Son Stock Performance

NYSE NTB opened at $40.49 on Wednesday. The stock has a market capitalization of $1.92 billion, a PE ratio of 9.02 and a beta of 1.15. The business has a 50 day simple moving average of $36.88 and a two-hundred day simple moving average of $37.10. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.66 and a quick ratio of 0.66. Bank of N.T. Butterfield & Son has a 1-year low of $28.73 and a 1-year high of $41.67.

Analyst Ratings Changes

A number of research firms recently commented on NTB. Wells Fargo & Company upped their price objective on Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods lifted their target price on Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the company a “market perform” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.80.

About Bank of N.T. Butterfield & Son

The Bank of N.T. Butterfield & Son Ltd. provides community banking and wealth management business. The firm operates through the following geographical segments: Bermuda, the Cayman Islands, Channel Islands and the UK, and Other. The Bermuda and Cayman segments offer retail banking and wealth management.