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

Shares of National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) have been given a consensus recommendation of "Hold" by the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company.

Several research firms recently commented on NTIOF. Scotiabank upgraded National Bank of Canada to a "strong-buy" rating in a research note on Thursday, May 15th. 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. CIBC reiterated an "outperform" rating on shares of National Bank of Canada in a research note on Tuesday, May 20th. National Bankshares downgraded National Bank of Canada from a "speculative buy" rating to an "underperform" rating in a research report on Friday, April 4th. Finally, Cormark downgraded National Bank of Canada from a "moderate buy" rating to a "hold" rating in a research report on Friday, February 21st.

National Bank of Canada Price Performance

Shares of OTCMKTS NTIOF traded up $0.21 during trading on Wednesday, reaching $99.38. The company had a trading volume of 103,094 shares, compared to its average volume of 79,709. National Bank of Canada has a twelve month low of $74.21 and a twelve month high of $100.08. The stock has a market capitalization of $38.91 billion, a PE ratio of 12.66 and a beta of 1.01. The stock has a 50-day moving average price of $90.01 and a two-hundred day moving average price of $89.06. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last released its earnings results on Wednesday, May 28th. The financial services provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.71 by $0.29. The firm 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%. As a group, sell-side analysts predict that National Bank of Canada will post 7.63 earnings per share for the current year.

National Bank of Canada Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, May 1st. Shareholders 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 of this dividend was Monday, March 31st. National Bank of Canada's dividend payout ratio (DPR) is presently 45.37%.

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.