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) declared a quarterly dividend on Monday, February 10th, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend is Monday, February 24th.

Bank of N.T. Butterfield & Son has a dividend payout ratio of 35.8% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Down 2.3 %

NYSE:NTB opened at $38.55 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.66 and a debt-to-equity ratio of 0.10. Bank of N.T. Butterfield & Son has a 1-year low of $29.06 and a 1-year high of $41.88. The business’s fifty day moving average price is $37.33 and its 200 day moving average price is $37.25. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 8.17 and a beta of 1.15.

Bank of N.T. Butterfield & Son (NYSE:NTB) last issued its earnings results 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 return on equity of 21.46% and a net margin of 26.51%. On average, sell-side analysts forecast that Bank of N.T. Butterfield & Son will post 4.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on Bank of N.T. Butterfield & Son from $41.00 to $44.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 12th. Wells Fargo & Company upped their price target on Bank of N.T. Butterfield & Son from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Bank of N.T. Butterfield & Son has a consensus rating of “Moderate Buy” and an average 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.