$113.41 Million in Sales Expected for Bank of N.T. Butterfield & Son Limited (The) (NTB) This Quarter

Analysts forecast that Bank of N.T. Butterfield & Son Limited (The) (NYSE:NTB) will announce sales of $113.41 million for the current quarter, according to Zacks. Two analysts have made estimates for Bank of N.T. Butterfield & Son’s earnings, with estimates ranging from $112.41 million to $114.40 million. Bank of N.T. Butterfield & Son posted sales of $105.60 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.4%. The company is expected to issue its next earnings report before the market opens on Thursday, February 15th.

According to Zacks, analysts expect that Bank of N.T. Butterfield & Son will report full-year sales of $113.41 million for the current fiscal year, with estimates ranging from $441.53 million to $447.50 million. For the next year, analysts forecast that the business will post sales of $482.26 million per share, with estimates ranging from $480.72 million to $483.80 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Bank of N.T. Butterfield & Son.

Several research analysts recently issued reports on NTB shares. Zacks Investment Research upgraded Bank of N.T. Butterfield & Son from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Thursday, January 11th. Keefe, Bruyette & Woods restated a “buy” rating and set a $38.00 price objective on shares of Bank of N.T. Butterfield & Son in a research report on Sunday, October 8th. Finally, Wells Fargo & Co upgraded Bank of N.T. Butterfield & Son from a “market perform” rating to an “outperform” rating and set a $43.00 price target for the company in a report on Tuesday, January 9th.

Shares of Bank of N.T. Butterfield & Son (NYSE:NTB) traded down $1.62 during trading on Wednesday, hitting $39.00. The company had a trading volume of 519,291 shares, compared to its average volume of 275,350. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.60 and a quick ratio of 0.60. Bank of N.T. Butterfield & Son has a 1 year low of $29.81 and a 1 year high of $41.38. The firm has a market cap of $2,210.00 and a P/E ratio of 21.20.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC raised its holdings in Bank of N.T. Butterfield & Son by 1.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 21,476 shares of the bank’s stock valued at $732,000 after acquiring an additional 243 shares during the last quarter. GSA Capital Partners LLP raised its holdings in Bank of N.T. Butterfield & Son by 2.5% in the 2nd quarter. GSA Capital Partners LLP now owns 14,781 shares of the bank’s stock valued at $504,000 after acquiring an additional 361 shares during the last quarter. Quantbot Technologies LP raised its holdings in Bank of N.T. Butterfield & Son by 20.6% in the 2nd quarter. Quantbot Technologies LP now owns 6,087 shares of the bank’s stock valued at $207,000 after acquiring an additional 1,041 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Bank of N.T. Butterfield & Son by 0.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 194,532 shares of the bank’s stock valued at $7,004,000 after acquiring an additional 1,568 shares during the last quarter. Finally, American International Group Inc. raised its holdings in Bank of N.T. Butterfield & Son by 8.1% in the 3rd quarter. American International Group Inc. now owns 36,075 shares of the bank’s stock valued at $1,322,000 after acquiring an additional 2,697 shares during the last quarter. Institutional investors own 73.79% of the company’s stock.

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Bank of N.T. Butterfield & Son Company Profile

The Bank of N.T. Butterfield & Son Limited (the Bank) provides banking services and wealth management services. The Bank’s geographic segments include Bermuda, the Cayman Islands and Guernsey, where its banking operations are located, and The Bahamas, Switzerland, and the United Kingdom, where it offers specialized financial services.

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