National Bank of Canada (OTCMKTS:NTIOF) Announces Earnings Results

Key Points

• National Bank of Canada reported $1.95 EPS for the quarter, exceeding the consensus estimate of $1.72 by $0.23.
• The bank recently increased its dividend to $0.8578 per share, up from the previous $0.80, with a payout ratio of 45.90%.
• Market analysts have a consensus rating of "Hold" for the bank's stock, with several upgrades noted from different research firms.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.95 earnings per share for the quarter, missing analysts' consensus estimates of $1.98 by ($0.03), Zacks reports. National Bank of Canada had a return on equity of 16.97% and a net margin of 15.34%.The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $3.47 billion.

National Bank of Canada Trading Up 1.3%

OTCMKTS NTIOF traded up $1.36 during trading hours on Friday, hitting $105.61. 206,062 shares of the company's stock were exchanged, compared to its average volume of 53,435. The business's 50 day moving average is $104.81 and its 200-day moving average is $93.69. National Bank of Canada has a 12-month low of $74.21 and a 12-month high of $109.85. The firm has a market capitalization of $41.39 billion, a P/E ratio of 14.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 0.76.

National Bank of Canada Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 1st were given a dividend of $0.8578 per share. This represents a yield of 348.0%. This is a boost from National Bank of Canada's previous dividend of $0.80. The ex-dividend date was Monday, June 30th. National Bank of Canada's dividend payout ratio (DPR) is currently 47.34%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Royal Bank Of Canada reiterated a "sector perform" rating on shares of National Bank of Canada in a research report on Thursday. CIBC reiterated an "outperform" rating on shares of National Bank of Canada in a research report on Tuesday, May 20th. Cibc World Mkts upgraded National Bank of Canada from a "strong sell" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Scotiabank reiterated an "outperform" rating on shares of National Bank of Canada in a research report on Thursday. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

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.