National Bank of Canada (OTCMKTS:NTIOF) Receives Consensus Recommendation 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 ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company.

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

National Bank of Canada Trading Up 0.2%

Shares of OTCMKTS NTIOF traded up $0.16 during trading hours on Wednesday, hitting $98.41. The company's stock had a trading volume of 63,082 shares, compared to its average volume of 79,330. National Bank of Canada has a 12 month low of $74.21 and a 12 month high of $100.08. The stock has a market cap of $38.53 billion, a price-to-earnings ratio of 12.54 and a beta of 1.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The business has a 50-day simple moving average of $88.75 and a 200-day simple moving average of $88.97.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last announced its quarterly 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 company had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $3.33 billion. National Bank of Canada had a net margin of 24.65% and a return on equity of 17.21%. On average, analysts anticipate that National Bank of Canada will post 7.63 earnings per share for the current fiscal year.

National Bank of Canada Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st were paid a $0.7975 dividend. This represents a dividend 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 45.37%.

About National Bank of Canada

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.