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

Key Points

• National Bank of Canada's share price reached a new 52-week high of $110.29, up from a previous close of $109.21, with a trading volume of 758 shares.
• Analyst ratings for the stock are mixed, with a recent downgrade from Zacks Research to a "strong sell" and a reaffirmation of a "sector perform" rating from Royal Bank of Canada.
• The company reported $1.95 EPS in its latest quarterly earnings, which missed analysts' estimates, and announced a dividend of $0.8531 per share scheduled for November 1st.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The stock traded as high as $110.29 and last traded at $110.29, with a volume of 758 shares. The stock had previously closed at $109.21.

Wall Street Analyst Weigh In

NTIOF has been the topic of several recent analyst reports. Zacks Research cut shares of National Bank of Canada from a "hold" rating to a "strong sell" rating in a research report on Monday. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of National Bank of Canada in a report on Thursday, August 28th. Scotiabank reaffirmed an "outperform" rating on shares of National Bank of Canada in a report on Thursday, August 28th. Finally, Cibc World Mkts raised shares of National Bank of Canada from a "strong sell" rating to a "hold" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold".

National Bank of Canada Price Performance

The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The company has a market cap of $43.31 billion, a P/E ratio of 15.06 and a beta of 0.96. The business's fifty day moving average is $107.73 and its 200 day moving average is $100.10.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The financial services provider reported $1.95 EPS for the quarter, missing analysts' consensus estimates of $1.98 by ($0.03). National Bank of Canada had a return on equity of 16.05% and a net margin of 15.34%.The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. As a group, sell-side analysts anticipate that National Bank of Canada will post 7.63 EPS for the current year.

National Bank of Canada Cuts Dividend

The firm also recently announced a dividend, which will be paid on Saturday, November 1st. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.8531 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a yield of 313.0%. National Bank of Canada's payout ratio is presently 46.79%.

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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