The Bank of N.T. Butterfield & Son Limited (NTB) To Go Ex-Dividend on February 24th

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) announced a quarterly dividend on Monday, February 10th, Wall Street Journal reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.44 per share by the bank on Monday, March 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Monday, February 24th.

Bank of N.T. Butterfield & Son has a payout ratio of 35.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Bank of N.T. Butterfield & Son to earn $4.85 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 36.3%.

Bank of N.T. Butterfield & Son Stock Performance

NYSE NTB opened at $38.55 on Friday. The firm’s fifty day moving average price is $37.33 and its two-hundred day moving average price is $37.25. The stock has a market cap of $1.83 billion, a PE ratio of 8.17 and a beta of 1.15. Bank of N.T. Butterfield & Son has a fifty-two week low of $29.06 and a fifty-two week high of $41.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.66 and a current ratio of 0.63.

Bank of N.T. Butterfield & Son (NYSE:NTB) last issued its quarterly earnings data on Monday, February 10th. The bank reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.17. Bank of N.T. Butterfield & Son had a net margin of 26.51% and a return on equity of 21.46%. On average, equities analysts expect that Bank of N.T. Butterfield & Son will post 4.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on NTB. Keefe, Bruyette & Woods boosted their target price on shares of Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the company a “market perform” rating in a report on Wednesday, February 12th. Wells Fargo & Company boosted their target price on shares of Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.80.

Bank of N.T. Butterfield & Son Company Profile

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.