National Bank of Canada (OTCMKTS:NTIOF) Hits New 12-Month High - Time to Buy?

Shares of National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $100.53 and last traded at $100.10, with a volume of 37446 shares. The stock had previously closed at $99.38.

Analyst Ratings Changes

Several analysts have issued reports on the company. CIBC reissued an "outperform" rating on shares of National Bank of Canada in a research note on Tuesday, May 20th. Scotiabank upgraded National Bank of Canada to a "strong-buy" rating in a research note on Thursday, May 15th. Cibc World Mkts cut shares of National Bank of Canada from a "hold" rating to a "strong sell" rating in a research note on Friday, April 4th. 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. Finally, Cormark lowered shares of National Bank of Canada from a "moderate buy" rating to a "hold" rating in a research report on Friday, February 21st. Two equities research 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

National Bank of Canada Trading Down 0.7%

The business's 50 day simple moving average is $91.23 and its 200 day simple moving average is $89.07. The stock has a market cap of $38.67 billion, a price-to-earnings ratio of 13.06 and a beta of 1.01. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.09.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last issued its earnings results on Wednesday, May 28th. The financial services provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.29. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $3.33 billion. National Bank of Canada had a net margin of 18.73% and a return on equity of 16.83%. On average, research analysts expect that National Bank of Canada will post 7.63 EPS for the current fiscal year.

National Bank of Canada Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 1st were given a dividend of $0.7975 per share. This represents a yield of 3.86%. The ex-dividend date was Monday, March 31st. National Bank of Canada's dividend payout ratio is currently 41.93%.

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.