National Bank of Canada (OTCMKTS:NTIOF) Sets New 52-Week High - Time to Buy?

Shares of National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $100.62 and last traded at $100.62, with a volume of 523 shares. The stock had previously closed at $99.08.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NTIOF shares. CIBC reissued an "outperform" rating on shares of National Bank of Canada in a research report on Tuesday, May 20th. Cibc World Mkts cut National Bank of Canada from a "hold" rating to a "strong sell" rating in a research report on Friday, April 4th. Scotiabank upgraded National Bank of Canada to a "strong-buy" rating in a research note on Thursday, May 15th. Finally, National Bankshares cut shares of National Bank of Canada from a "speculative buy" rating to an "underperform" rating in a research note on Friday, April 4th. Two 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 to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold".

National Bank of Canada Stock Up 0.1%

The company has a market cap of $39.85 billion, a P/E ratio of 13.46 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. The business's fifty day moving average is $93.39 and its two-hundred day moving average is $89.19.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The financial services provider reported $2.00 earnings per share (EPS) for the quarter, topping 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 return on equity of 16.83% and a net margin of 18.73%. Equities analysts predict that National Bank of Canada will post 7.63 EPS for the current year.

National Bank of Canada Increases Dividend

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

National Bank of Canada Company Profile

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.