$0.88 EPS Expected for Bank of N.T. Butterfield & Son Ltd (NTB) This Quarter

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Brokerages predict that Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) will announce earnings of $0.88 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Bank of N.T. Butterfield & Son’s earnings. The lowest EPS estimate is $0.83 and the highest is $0.93. Bank of N.T. Butterfield & Son reported earnings of $0.81 per share during the same quarter last year, which would indicate a positive year over year growth rate of 8.6%. The business is expected to announce its next earnings results on Monday, April 22nd.

On average, analysts expect that Bank of N.T. Butterfield & Son will report full-year earnings of $3.77 per share for the current year, with EPS estimates ranging from $3.63 to $3.90. For the next fiscal year, analysts anticipate that the business will report earnings of $4.17 per share, with EPS estimates ranging from $4.08 to $4.25. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Bank of N.T. Butterfield & Son.

Bank of N.T. Butterfield & Son (NYSE:NTB) last posted its quarterly earnings data on Tuesday, February 19th. The bank reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. The business had revenue of $133.10 million during the quarter, compared to the consensus estimate of $131.96 million. Bank of N.T. Butterfield & Son had a net margin of 36.86% and a return on equity of 22.98%. During the same quarter in the prior year, the company posted $0.76 earnings per share.

A number of brokerages have commented on NTB. Citigroup upgraded Bank of N.T. Butterfield & Son from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $43.00 to $42.00 in a research report on Tuesday, January 15th. Zacks Investment Research upgraded Bank of N.T. Butterfield & Son from a “sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, ValuEngine upgraded Bank of N.T. Butterfield & Son from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $50.50.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Group LLC raised its stake in shares of Bank of N.T. Butterfield & Son by 2.3% in the 4th quarter. Renaissance Group LLC now owns 15,941 shares of the bank’s stock valued at $500,000 after buying an additional 364 shares in the last quarter. Ropes Wealth Advisors LLC purchased a new position in Bank of N.T. Butterfield & Son in the 1st quarter worth approximately $36,000. BB&T Securities LLC increased its stake in shares of Bank of N.T. Butterfield & Son by 10.2% during the fourth quarter. BB&T Securities LLC now owns 11,111 shares of the bank’s stock valued at $348,000 after buying an additional 1,030 shares during the period. Stifel Financial Corp increased its stake in shares of Bank of N.T. Butterfield & Son by 4.8% during the fourth quarter. Stifel Financial Corp now owns 32,019 shares of the bank’s stock valued at $998,000 after buying an additional 1,480 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Bank of N.T. Butterfield & Son by 0.6% during the fourth quarter. Northern Trust Corp now owns 531,474 shares of the bank’s stock valued at $16,662,000 after buying an additional 2,985 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

NYSE NTB traded down $0.48 during trading hours on Wednesday, reaching $37.39. 38,866 shares of the stock traded hands, compared to its average volume of 200,805. Bank of N.T. Butterfield & Son has a 1 year low of $29.42 and a 1 year high of $53.63. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.64 and a beta of 1.80.

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 non-interest bearing deposits, as well as certificates of deposits. The company's lending portfolio includes residential mortgage lending, automobile financing, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans.

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