National Bank of Canada (OTCMKTS:NTIOF) Receives Average Rating of "Hold" from Analysts

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) has earned a consensus recommendation of "Hold" from the seven analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company.

NTIOF has been the topic of a number of analyst reports. Cibc World Mkts raised National Bank of Canada from a "strong sell" rating to a "hold" rating in a research report on Friday, August 1st. Scotiabank reaffirmed an "outperform" rating on shares of National Bank of Canada in a research report on Thursday, August 28th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of National Bank of Canada in a research report on Thursday, August 28th.

National Bank of Canada Trading Up 2.3%

OTCMKTS:NTIOF opened at $110.00 on Tuesday. The business's 50-day moving average is $107.45 and its two-hundred day moving average is $98.87. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. National Bank of Canada has a 12 month low of $74.21 and a 12 month high of $110.28. The firm has a market capitalization of $43.13 billion, a PE ratio of 15.01 and a beta of 0.96.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The financial services provider reported $1.95 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.03). National Bank of Canada had a net margin of 15.34% and a return on equity of 16.05%. The company had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $3.47 billion. Research analysts predict that National Bank of Canada will post 7.63 earnings per share for the current fiscal year.

National Bank of Canada Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Saturday, November 1st. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.8531 per share. This represents a yield of 313.0%. The ex-dividend date is Monday, September 29th. National Bank of Canada's dividend payout ratio is 46.93%.

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.

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