National Bank of Canada (OTCMKTS:NTIOF) Hits New 12-Month High - What's Next?

Key Points

• National Bank of Canada (OTCMKTS:NTIOF) reached a new 52-week high on Wednesday, trading as high as $107.49 and closing at $107.46 on a volume of 39,415 shares.
• The company reported earnings per share (EPS) of $2.00 for the last quarter, exceeding expectations of $1.71, despite a revenue of $2.64 billion, below the forecast of $3.33 billion.
• National Bank increased its dividend to $0.8578 per share, representing a yield of 348.0%, up from the previous dividend of $0.80.

Shares of National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $107.49 and last traded at $107.46, with a volume of 39415 shares. The stock had previously closed at $106.65.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Cibc World Mkts upgraded shares of National Bank of Canada from a "strong sell" rating to a "hold" rating in a research report on Friday, August 1st. CIBC restated an "outperform" rating on shares of National Bank of Canada in a research report on Tuesday, May 20th. Finally, Scotiabank upgraded shares of National Bank of Canada to a "strong-buy" rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

National Bank of Canada Trading Up 0.9%

The company has a debt-to-equity ratio of 0.09, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $42.90 billion, a PE ratio of 14.48 and a beta of 1.02. The business's 50-day moving average price is $103.08 and its 200-day moving average price is $92.35.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.33 billion. As a group, analysts expect that National Bank of Canada will post 7.63 earnings per share for the current fiscal year.

National Bank of Canada Increases Dividend

The company also recently announced a dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st were issued a $0.8578 dividend. The ex-dividend date of this dividend was Monday, June 30th. This is a positive change from National Bank of Canada's previous dividend of $0.80. This represents a dividend yield of 348.0%. National Bank of Canada's payout ratio is presently 45.77%.

National Bank of Canada Company Profile

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.