National Bank of Canada (OTCMKTS:NTIOF) Hits New 52-Week High - Should You Buy?

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $104.84 and last traded at $104.84, with a volume of 284 shares trading hands. The stock had previously closed at $104.14.

Analyst Ratings Changes

Several research analysts have recently weighed in on NTIOF shares. CIBC reiterated an "outperform" rating on shares of National Bank of Canada in a report on Tuesday, May 20th. Cibc World Mkts downgraded shares of National Bank of Canada from a "hold" rating to a "strong sell" rating in a research report on Friday, April 4th. Scotiabank raised shares of National Bank of Canada to a "strong-buy" rating in a research report on Thursday, May 15th. Finally, National Bankshares downgraded shares of National Bank of Canada from a "speculative buy" rating to an "underperform" rating in a research report on Friday, April 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, National Bank of Canada currently has an average rating of "Hold".

National Bank of Canada Trading Down 0.6%

The company has a fifty day moving average price of $99.80 and a 200-day moving average price of $90.72. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $41.32 billion, a price-to-earnings ratio of 13.95 and a beta of 1.01.

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

National Bank of Canada Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.8578 per share. This represents a dividend yield of 3.48%. The ex-dividend date of this dividend is Monday, June 30th. This is a boost from National Bank of Canada's previous dividend of $0.80. National Bank of Canada's dividend 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.