National Bank of Canada (OTCMKTS:NTIOF) Posts Quarterly Earnings Results, Beats Estimates By $0.29 EPS

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) issued its quarterly earnings results on Wednesday. The financial services provider reported $2.00 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.29, Zacks reports. National Bank of Canada had a return on equity of 17.21% and a net margin of 24.65%. The firm had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $3.33 billion.

National Bank of Canada Trading Up 1.4%

National Bank of Canada stock traded up $1.37 during trading hours on Friday, reaching $98.01. The company had a trading volume of 178,857 shares, compared to its average volume of 79,469. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. National Bank of Canada has a 12-month low of $74.21 and a 12-month high of $100.08. The company has a 50-day moving average price of $86.76 and a 200 day moving average price of $88.91. The firm has a market cap of $38.35 billion, a price-to-earnings ratio of 12.49 and a beta of 1.00.

National Bank of Canada Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.7975 per share. The ex-dividend date was Monday, March 31st. This represents a dividend yield of 3.86%. National Bank of Canada's dividend payout ratio (DPR) is currently 43.25%.

Analyst Ratings Changes

Several equities research analysts have commented on NTIOF shares. National Bankshares downgraded shares of National Bank of Canada from a "speculative buy" rating to an "underperform" rating in a report on Friday, April 4th. Cormark downgraded National Bank of Canada from a "moderate buy" rating to a "hold" rating in a research report on Friday, February 21st. Cibc World Mkts cut National Bank of Canada from a "hold" rating to a "strong sell" rating in a research report on Friday, April 4th. CIBC reissued an "outperform" rating on shares of National Bank of Canada in a report on Tuesday, May 20th. Finally, Scotiabank raised National Bank of Canada to a "strong-buy" rating in a report on Thursday, May 15th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, National Bank of Canada currently has a consensus rating of "Hold".

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.