National Bank of Canada (OTCMKTS:NTIOF) Given Consensus Rating of "Hold" by Analysts

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) has earned a consensus rating of "Hold" from the six research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several equities analysts recently commented on NTIOF shares. Scotiabank raised shares of National Bank of Canada to a "strong-buy" rating in a research note on Thursday, May 15th. National Bankshares cut shares of National Bank of Canada from a "speculative buy" rating to an "underperform" rating in a research note on Friday, April 4th. CIBC reaffirmed an "outperform" rating on shares of National Bank of Canada in a research note on Tuesday, May 20th. Finally, Cibc World Mkts cut shares of National Bank of Canada from a "hold" rating to a "strong sell" rating in a research note on Friday, April 4th.

National Bank of Canada Stock Down 1.2%

Shares of National Bank of Canada stock traded down $1.27 during trading hours on Friday, reaching $102.28. The company's stock had a trading volume of 769 shares, compared to its average volume of 74,997. National Bank of Canada has a one year low of $74.21 and a one year high of $104.27. The company has a market capitalization of $40.05 billion, a P/E ratio of 13.53 and a beta of 1.01. The stock's fifty day simple moving average is $95.98 and its two-hundred day simple moving average is $89.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 0.76.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The financial services provider reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.29. National Bank of Canada had a net margin of 18.73% and a return on equity of 16.83%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.33 billion. On average, research analysts forecast that National Bank of Canada will post 7.63 earnings per share for the current year.

National Bank of Canada Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.8578 per share. This is an increase from National Bank of Canada's previous dividend of $0.80. This represents a yield of 3.48%. The ex-dividend date is Monday, June 30th. National Bank of Canada's payout ratio is presently 45.90%.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.