In a sliding market, Butterfield Bank has defied the odds, trading up to $42.41 per share. Its 11.5% gain since December 2024 has outpaced the S&P 500’s 1.6% drop. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let’s have a look at First Bancorp (NASDAQ:FBNC) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at regional banks stocks, starting with BancFirst (NASDAQ:BANF).
Wall Street’s bearish price targets for the stocks in this article signal serious concerns.
Such forecasts are uncommon in an industry where maintaining cordial corporate relationships often trumps delivering the hard truth.
Bank Of N.T. Butterfield & Son (NTB) is a full-service bank and wealth manager. Butterfield’s share price rose about 21% in the past year from $30.37 to $39.77 as of Wednesday’s market close.
As the day concludes, Bank of N.T Butterfield (NYSE:NTB) is preparing to distribute a dividend payout of $0.44 per share, resulting in an annualized dividend yield of 5.99%. This payout is exclusive to investors who held the stock before the ex-dividend date on February 23, 2024.
Companies Reporting Before The Bell • Beasley Broadcast Group (NASDAQ:BBGI) is projected to report quarterly loss at $0.07 per share on revenue of $66.05 million.
As of now, 6% of S&P 500 companies have reported earnings. According to FactSet's latest weekly Earnings Insight report, 76% of them reported positive earnings surprises.
