National Bank of Canada (OTCMKTS:NTIOF) Given Average Rating of "Hold" by Brokerages

Key Points

• The National Bank of Canada has received a consensus recommendation of "Hold" from seven research firms, with one sell rating, four hold ratings, and two buy ratings.
• In its recent quarterly earnings report, the bank missed consensus EPS estimates, posting $1.95 against an expected $1.98, with revenue at $2.49 billion, lower than anticipated.
• The bank announced an increase in its dividend to $0.8578 per share, representing a yield of 348.0% and a payout ratio of 47.34%.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) has received an average recommendation of "Hold" from the seven ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company.

A number of research firms have commented on NTIOF. Royal Bank Of Canada reiterated a "sector perform" rating on shares of National Bank of Canada in a research note on Thursday, August 28th. Scotiabank reissued an "outperform" rating on shares of National Bank of Canada in a research note on Thursday, August 28th. Finally, Cibc World Mkts raised shares of National Bank of Canada from a "strong sell" rating to a "hold" rating in a research note on Friday, August 1st.

National Bank of Canada Price Performance

Shares of OTCMKTS NTIOF traded up $1.07 on Friday, hitting $110.17. The company's stock had a trading volume of 16,119 shares, compared to its average volume of 89,326. National Bank of Canada has a 12-month low of $74.21 and a 12-month high of $110.28. The company has a market capitalization of $43.20 billion, a price-to-earnings ratio of 15.03 and a beta of 0.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a 50 day moving average of $106.37 and a 200-day moving average of $96.20.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last issued its quarterly earnings results 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 return on equity of 16.05% and a net margin of 15.34%.The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $3.47 billion. As a group, research analysts predict that National Bank of Canada will post 7.63 EPS for the current year.

National Bank of Canada Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Saturday, November 1st. Stockholders of record on Tuesday, September 30th will be paid a $0.8531 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a dividend yield of 313.0%. National Bank of Canada's payout ratio is currently 47.34%.

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.