National Bank of Canada (OTCMKTS:NTIOF) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• The National Bank of Canada (OTCMKTS:NTIOF) has received an average rating of "Hold" from analysts, with one sell recommendation, three holds, one buy, and one strong buy among the six firms covering the stock.
• The company's stock recently opened at $109.71 and has a twelve-month high of $109.85, with a market capitalization of $42.99 billion.
$0.8578, reflecting a yield of 348.0%, up from the previous dividend of $0.80.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) has been given a consensus recommendation of "Hold" by the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company.

NTIOF has been the topic of a number of analyst reports. Royal Bank Of Canada reissued a "sector perform" rating on shares of National Bank of Canada in a report on Thursday. Cibc World Mkts raised National Bank of Canada from a "strong sell" rating to a "hold" rating in a report on Friday, August 1st. Scotiabank reissued an "outperform" rating on shares of National Bank of Canada in a report on Thursday. Finally, CIBC reissued an "outperform" rating on shares of National Bank of Canada in a report on Tuesday, May 20th.

National Bank of Canada Stock Up 1.3%

NTIOF stock traded up $1.36 during mid-day trading on Monday, hitting $105.61. The stock had a trading volume of 206,062 shares, compared to its average volume of 53,435. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.09. National Bank of Canada has a 1-year low of $74.21 and a 1-year high of $109.85. The company has a fifty day moving average of $104.81 and a 200 day moving average of $93.69. The stock has a market capitalization of $41.39 billion, a price-to-earnings ratio of 14.41 and a beta of 1.02.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last issued its earnings results on Wednesday, August 27th. The financial services provider reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.03). National Bank of Canada had a return on equity of 16.97% and a net margin of 15.34%.The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $3.47 billion. On average, equities analysts expect that National Bank of Canada will post 7.63 EPS for the current fiscal year.

National Bank of Canada Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 1st were issued a $0.8578 dividend. This is an increase from National Bank of Canada's previous dividend of $0.80. The ex-dividend date of this dividend was Monday, June 30th. This represents a yield of 348.0%. National Bank of Canada's payout ratio is 47.34%.

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.