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

Key Points

• The National Bank of Canada reached a new 52-week high of $106.27, with a last traded price of $106.15.
• Analysts have mixed ratings on the stock, with one strong buy, one buy, three holds, and one sell, leading to a consensus rating of "Hold".
• The bank announced an increase in its dividend to $0.8578, reflecting a yield of 348.0% and a payout ratio of 45.90%.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report)'s share price reached a new 52-week high on Thursday . The company traded as high as $106.27 and last traded at $106.15, with a volume of 369 shares. The stock had previously closed at $105.78.

Wall Street Analyst Weigh In

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

National Bank of Canada Trading Up 0.1%

The business's 50 day moving average is $101.70 and its 200 day moving average is $91.52. The stock has a market cap of $41.50 billion, a price-to-earnings ratio of 14.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.76 and a quick 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 EPS for the quarter, topping the consensus estimate of $1.71 by $0.29. The business had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $3.33 billion. National Bank of Canada had a return on equity of 16.83% and a net margin of 18.73%. As a group, equities 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 business also recently announced a dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 1st were paid a $0.8578 dividend. This represents a yield of 348.0%. The ex-dividend date of this dividend was Monday, June 30th. This is an increase from National Bank of Canada's previous dividend of $0.80. National Bank of Canada's dividend payout ratio is currently 45.90%.

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.

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