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

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) released its quarterly earnings data on Wednesday. The financial services provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.29, Zacks reports. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $3.33 billion. National Bank of Canada had a return on equity of 17.21% and a net margin of 24.65%.

National Bank of Canada Stock Up 1.4%

Shares of National Bank of Canada stock traded up $1.37 during midday trading on Friday, hitting $98.01. The company's stock had a trading volume of 178,857 shares, compared to its average volume of 79,469. The firm has a market capitalization of $38.35 billion, a P/E ratio of 12.49 and a beta of 1.00. The stock has a 50-day simple moving average of $86.48 and a 200-day simple moving average of $88.93. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. National Bank of Canada has a 1-year low of $74.21 and a 1-year high of $100.08.

National Bank of Canada Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st were given a $0.7975 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a dividend yield of 3.86%. National Bank of Canada's dividend payout ratio (DPR) is presently 40.05%.

Analyst Ratings Changes

Several research firms have recently weighed in on NTIOF. Scotiabank raised National Bank of Canada to a "strong-buy" rating in a research note on Thursday, May 15th. CIBC reissued an "outperform" rating on shares of National Bank of Canada in a research note on Tuesday, May 20th. Cibc World Mkts lowered National Bank of Canada from a "hold" rating to a "strong sell" rating in a research note on Friday, April 4th. Cormark lowered National Bank of Canada from a "moderate buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, National Bankshares lowered National Bank of Canada from a "speculative buy" rating to an "underperform" rating in a research note on Friday, April 4th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

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.