National Bank of Canada (OTCMKTS:NTIOF) Sets New 1-Year High - Here's Why

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $100.62 and last traded at $100.62, with a volume of 523 shares changing hands. The stock had previously closed at $99.08.

Analyst Ratings Changes

NTIOF has been the topic of a number of research analyst reports. Scotiabank raised National Bank of Canada to a "strong-buy" rating in a research note on Thursday, May 15th. Cibc World Mkts lowered shares of National Bank of Canada from a "hold" rating to a "strong sell" rating in a report on Friday, April 4th. National Bankshares downgraded shares of National Bank of Canada from a "speculative buy" rating to an "underperform" rating in a research note on Friday, April 4th. Finally, CIBC restated an "outperform" rating on shares of National Bank of Canada in a research report on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, National Bank of Canada presently has a consensus rating of "Hold".

National Bank of Canada Stock Performance

The firm's 50 day moving average price is $92.32 and its two-hundred day moving average price is $88.99. The firm has a market cap of $39.36 billion, a PE ratio of 13.30 and a beta of 1.01. 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 (OTCMKTS:NTIOF - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The financial services provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.29. National Bank of Canada had a return on equity of 16.83% and a net margin of 18.73%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $3.33 billion. On average, research analysts forecast that National Bank of Canada will post 7.63 earnings per share for the current year.

National Bank of Canada Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 1st will be issued a $0.8578 dividend. This is a positive change from National Bank of Canada's previous dividend of $0.80. This represents a yield of 3.48%. The ex-dividend date of this dividend is Monday, June 30th. National Bank of Canada's payout ratio is 41.93%.

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.

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