Bank of N.T. Butterfield & Son Ltd (NTB) To Go Ex-Dividend on August 2nd

Bank of N.T. Butterfield & Son Ltd (NYSE:NTB) announced a dividend on Tuesday, July 23rd, Fidelity reports. Shareholders of record on Monday, August 5th will be given a dividend of 0.44 per share by the bank on Friday, August 16th. The ex-dividend date of this dividend is Friday, August 2nd.

Bank of N.T. Butterfield & Son has a payout ratio of 48.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Bank of N.T. Butterfield & Son to earn $3.98 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 44.2%.

NYSE NTB remained flat at $$31.38 during trading on Wednesday. 7,422 shares of the company’s stock traded hands, compared to its average volume of 252,070. The company has a market cap of $1.78 billion, a PE ratio of 8.89, a PEG ratio of 1.43 and a beta of 1.81. 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 debt-to-equity ratio of 0.15, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a 50-day moving average price of $34.31.

Bank of N.T. Butterfield & Son (NYSE:NTB) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.03. The business had revenue of $129.40 million for the quarter, compared to the consensus estimate of $133.65 million. Bank of N.T. Butterfield & Son had a net margin of 34.60% and a return on equity of 22.69%. The company’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. On average, analysts forecast that Bank of N.T. Butterfield & Son will post 3.8 earnings per share for the current year.

Several equities research analysts have commented on the stock. Wells Fargo & Co reaffirmed a “buy” rating and set a $85.00 price objective on shares of Carvana in a report on Monday, July 1st. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. Citigroup set a $180.00 price objective on shares of Deckers Outdoor and gave the company a “hold” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods increased their price target on shares of American International Group from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Sunday, July 7th. Finally, ValuEngine downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $44.20.

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 non-interest bearing deposits, as well as certificates of deposit. 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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Dividend History for Bank of N.T. Butterfield & Son (NYSE:NTB)

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