The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.65 per share.
Looking ahead, the full year income are expected at $ 2.75 per share on the revenues of $ 499.27 million.
Previous Quarter Performance
The Bank of N.T. Butterfield & Son Limited communicated income for the second quarter of $ 0.67 per share, from the revenue of $ 117.10 million. The quarterly earnings 6.94 percent while revenues fell 12.29 percent compared with the same quarter last year.
Wall street analysts are predicting, NTB to report 2Q20 income of $ 0.52 per share from revenue of $ 120.11 million. The bottom line results beat street analysts by $ 0.15 or 28.85 percent, at the same time, top line results fell short of analysts by $ 3.01 million or 2.51 percent.
Stock Performance
Shares of The Bank of N.T. Butterfield & Son Limited traded low $ -1.47 or -5.29 percent on Tuesday, reaching $ 26.30 with volume of 190.60 thousand shares. The Bank of N.T. Butterfield & Son Limited has traded high as $ 27.65 and has cracked $ 26.30 on the downward trend
According to the previous trading day, closing price of $ 26.30, representing a 101.82 % increase from the 52 week low of $ 13.76 and a 27.02 % decrease over the 52 week high of $ 38.05.
The company has a market capital of $ 1.34 billion and is part of the Financial Services sector and Banks – Global industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.44 per share on July 22, 2020. The dividend were payable on August 19, 2020 to holders of record as of the close of business on August 5, 2020 and ex-dividend date on August 4, 2020.
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.
