Public Employees Retirement System of Ohio Acquires Shares of 63,587 National Bank of Canada $NTIOF

Key Points

• Public Employees Retirement System of Ohio acquired 63,587 shares of National Bank of Canada during the second quarter, valued at approximately $2.83 million.
• Analyst sentiment is mixed: three analysts rate the stock a Buy and five rate it a Hold, resulting in a consensus “Hold” rating from MarketBeat.
• National Bank of Canada exceeded quarterly expectations, reporting $2.43 in EPS versus the $2.32 estimate and revenue of $2.89 billion versus the $2.75 billion forecast.

Public Employees Retirement System of Ohio bought a new stake in shares of National Bank of Canada (OTCMKTS:NTIOF - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 63,587 shares of the financial services provider's stock, valued at approximately $2,825,000.

Wall Street Analyst Weigh In

NTIOF has been the topic of a number of recent analyst reports. Scotiabank restated an "outperform" rating on shares of National Bank of Canada in a report on Thursday, August 27th. Desjardins downgraded shares of National Bank of Canada from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, August 4th. TD Securities reiterated a "hold" rating on shares of National Bank of Canada in a research report on Wednesday, August 12th. Raymond James Financial reissued a "market perform" rating on shares of National Bank of Canada in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of National Bank of Canada in a research note on Thursday, August 27th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold".

National Bank of Canada Stock Performance

Shares of NTIOF opened at $157.75 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.74 and a current ratio of 0.74. National Bank of Canada has a twelve month low of $104.99 and a twelve month high of $171.47. The firm's 50 day moving average price is $160.20 and its two-hundred day moving average price is $148.94. The firm has a market cap of $60.55 billion, a P/E ratio of 18.28, a PEG ratio of 1.32 and a beta of 0.86.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The financial services provider reported $2.43 EPS for the quarter, beating analysts' consensus estimates of $2.32 by $0.11. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.75 billion. National Bank of Canada had a return on equity of 16.74% and a net margin of 17.22%. On average, analysts forecast that National Bank of Canada will post 9.44 EPS for the current fiscal year.

About National Bank of Canada

National Bank of Canada OTCMKTS: NTIOF is a full‑service Canadian financial institution headquartered in Montreal, Quebec. The bank offers a broad range of products and services for personal, commercial and institutional clients, including deposit accounts, mortgages and consumer lending, small‑ and medium‑sized business banking, corporate lending, and cash management solutions.

In addition to traditional banking, National Bank provides wealth management and brokerage services through its private banking and advisory channels, and operates an investment banking and capital markets platform that delivers underwriting, advisory, trading and research services.

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