Bank of N.T. Butterfield & Son Quarterly Earnings and Stock Analysis
Bank of N.T. Butterfield & Son (NYSE:NTB) to Release Quarterly Earnings Report
Bank of N.T. Butterfield & Son is set to announce its quarterly earnings data after the market closes on Monday, July 22nd. Analysts are expecting the company to report earnings of $1.03 per share for the quarter. The bank previously reported earnings of $1.17 per share in the last quarter, surpassing analysts’ estimates.
The company’s revenue for the quarter was $142.80 million, compared to the consensus estimate of $137.28 million. Despite a slight decrease in revenue compared to the same quarter last year, analysts are optimistic about the company’s performance for the current fiscal year.
Bank of N.T. Butterfield & Son’s stock has been performing well, with a 2.0% increase on Monday. The stock opened at $37.51 and has a 52-week high of $37.90. The company also recently announced a quarterly dividend, with a yield of 4.69%.
Analysts have been bullish on Bank of N.T. Butterfield & Son, with several research firms issuing buy ratings for the stock. The company has a consensus rating of “Moderate Buy” and an average target price of $36.80.
Investors and analysts alike will be eagerly awaiting the company’s earnings report to gain insights into its financial performance and future outlook. Stay tuned for more updates on Bank of N.T. Butterfield & Son’s quarterly earnings.
