The reported revenue compares to the Zacks Consensus Estimate of $138.85 million, representing a surprise of +3.05%. The company delivered an EPS surprise of +7.77%, with the consensus EPS estimate being $1.03. Core Efficiency Ratio: 61.8% versus 63.1% estimated by two analysts on average. Net Interest Margin: 2.6% compared to the 2.7% average estimate based on two analysts. Net Charge-Off Ratio: 0% compared to the 0.1% average estimate based on two analysts. Average balance - Interest earning assets: $13.2 ...

Bank of NT Butterfield & Son (NTB) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.77%. A quarter ago, it was expected that this community bank would post earnings of $0.96 per share when it actually produced earnings of $1.17, delivering a surprise of 21.88%. Over the last four qu ...

The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong ass ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...

Investors might want to bet on Bank of NT Butterfield & Son (NTB) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.Analysts' growing optimism on the earnings prospects of this community bank is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Investors might want to bet on Bank of NT Butterfield & Son (NTB) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tra ...

Here are two stocks with buy rank and strong income characteristics for investors to consider today, April 29:The Bank of N.T. Butterfield & Son Limited (NTB) : This commercial bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.8% the last 60 days.This Zacks Rank #1 company has a dividend yield of 5.2%, compared with the industry average of 4.3%.Preferred Bank (PFBC) : This company which provides commercial banking products and services has witnessed the Zacks Consens ...

Forward-Looking Statements: Certain of the statements made in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions estimates, intentions, and future performance, including, without limitation, our intention to make share repurchases and our dividend payout target, and involve known and unknown ris ...

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Q1 2024 Results Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Noah Fields - Vice President of Investor Relations Michael Collins - Chairman and Chief Executive Officer Craig Bridgewater - Group Chief Financial Officer Michael Schrum - President and Group Chief Risk Officer Conference Call Participants Tim Switzer - KBW Alex Twerdahl - Piper Sandler Eric Spector - Raymond James Operator Good morning. My name is Dorwin and I will ...