National Bank of Canada (OTCMKTS:NTIOF) Sets New 1-Year High - Time to Buy?

Key Points

• National Bank of Canada has reached a new 52-week high, trading at $110.18 with a volume of 371 shares.
• Analysts have mixed ratings on the stock, with two Buy ratings, four Hold ratings, and one Sell rating, resulting in an average rating of "Hold."
• The firm announced a dividend cut with a payment of $0.8531, resulting in a dividend yield of 313.0% and a payout ratio of 47.34%.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $110.18 and last traded at $110.18, with a volume of 371 shares trading hands. The stock had previously closed at $109.10.

Analyst Ratings Changes

A number of brokerages have issued reports on NTIOF. Cibc World Mkts upgraded shares of National Bank of Canada from a "strong sell" rating to a "hold" rating in a research note on Friday, August 1st. Scotiabank restated an "outperform" rating on shares of National Bank of Canada in a research note on Thursday, August 28th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of National Bank of Canada in a research note on Thursday, August 28th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold".

National Bank of Canada Price Performance

The firm's fifty day moving average price is $106.37 and its 200 day moving average price is $96.20. The firm has a market capitalization of $43.20 billion, a PE ratio of 15.03 and a beta of 0.98. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The financial services provider reported $1.95 earnings per share (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 firm had revenue of $2.49 billion for the quarter, compared to analysts' expectations of $3.47 billion. As a group, equities analysts forecast that National Bank of Canada will post 7.63 earnings per share for the current year.

National Bank of Canada Cuts Dividend

The company also recently declared a dividend, which will be paid on Saturday, November 1st. Investors 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 dividend payout ratio is 47.34%.

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.