The market expects Bank of NT Butterfield & Son (NTB) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 22, 2024, might help the stock move higher if t ...

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 ...

分组1 - Bank of NT Butterfield & Son reported quarterly earnings of $1.11 per share, exceeding the Zacks Consensus Estimate of $1.03 per share, but down from $1.14 per share a year ago, representing an earnings surprise of 7.77% [1] - The company posted revenues of $143.08 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.05%, and compared to year-ago revenues of $142.63 million [2] - The stock has gained approximately 23.3% since the beginning of the year, outperforming the S&P 500's gain of 15.4% [3] 分组2 - The outlook for Bank of NT Butterfield & Son is influenced by the performance of the Banks - Foreign industry, which is currently in the top 20% of over 250 Zacks industries [5] - The current consensus EPS estimate for the upcoming quarter is $1.07 on revenues of $139.65 million, and for the current fiscal year, it is $4.40 on revenues of $563 million [9] - The estimate revisions trend for the company is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [8]

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 ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Bank of NT Butterfield & Son (NTB) - NTB currently holds a Momentum Style Score of B, indicating a favorable position in momentum investing [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - NTB shares have increased by 1.28% over the past week, while the Zacks Banks - Foreign industry has risen by 2.33% [5] - Over the past month, NTB's price change is 9.55%, outperforming the industry's 6.04% [5] - In the last quarter, NTB shares have risen by 18.55%, and over the past year, they have gained 33.27%, compared to the S&P 500's increases of 7.23% and 28.67%, respectively [6] Trading Volume - NTB's average 20-day trading volume is 202,240 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for NTB have been revised upwards, increasing the consensus estimate from $4.12 to $4.40 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions noted [9] Conclusion - Given the positive performance metrics and earnings outlook, NTB is positioned as a strong buy with a Momentum Score of B, making it a compelling option for investors seeking short-term gains [10]

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 ...

INDEX TO FINANCIAL STATEMENTS The accompanying notes are an integral part of these consolidated financial statements. 2 The Bank of N.T. Butterfield & Son Limited Consolidated Statements of Operations (unaudited) (In thousands of US dollars, except per share data) 3 | | Three months ended | | | --- | --- | --- | | | March 31, 2024 | March 31, 2023 | | Non-interest income | | | | Asset management | 8,842 | 7,938 | | Banking | 14,259 | 13,600 | | Foreign exchange revenue | 13,192 | 10,712 | | Trust | 15,044 | ...