National Bank of Canada (OTCMKTS:NTIOF) Issues 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 (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $2.49 billion for the quarter, compared to analysts' expectations of $3.47 billion.

National Bank of Canada Stock Performance

Shares of National Bank of Canada stock traded up $1.36 during trading on Monday, reaching $105.61. The company's stock had a trading volume of 206,062 shares, compared to its average volume of 63,423. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.76 and a current ratio of 0.76. The business's fifty day moving average price is $104.81 and its 200-day moving average price is $93.73. The firm has a market cap of $41.39 billion, a price-to-earnings ratio of 14.41 and a beta of 0.98. National Bank of Canada has a one year low of $74.21 and a one year high of $109.85.

National Bank of Canada Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on NTIOF shares. Scotiabank restated an "outperform" rating on shares of National Bank of Canada in a report on Thursday. CIBC restated an "outperform" rating on shares of National Bank of Canada in a report on Tuesday, May 20th. Cibc World Mkts upgraded National Bank of Canada from a "strong sell" rating to a "hold" rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of National Bank of Canada in a report on Thursday. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, National Bank of Canada 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.