National Bank of Canada (OTCMKTS:NTIOF) Sets New 12-Month High - What's Next?

Shares of National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $102.65 and last traded at $102.65, with a volume of 418 shares. The stock had previously closed at $101.77.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. National Bankshares lowered shares of National Bank of Canada from a "speculative buy" rating to an "underperform" rating in a research note on Friday, April 4th. Scotiabank raised National Bank of Canada to a "strong-buy" rating in a report on Thursday, May 15th. CIBC restated an "outperform" rating on shares of National Bank of Canada in a research note on Tuesday, May 20th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, National Bank of Canada has a consensus rating of "Hold".

National Bank of Canada Stock Up 0.9%

The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.09. The stock has a 50-day simple moving average of $93.76 and a two-hundred day simple moving average of $89.16. The firm has a market cap of $40.19 billion, a PE ratio of 13.58 and a beta of 1.01.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The financial services provider reported $2.00 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.29. The business had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $3.33 billion. National Bank of Canada had a net margin of 18.73% and a return on equity of 16.83%. Analysts expect 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. Shareholders of record on Tuesday, July 1st will be given a $0.8578 dividend. The ex-dividend date is Monday, June 30th. This represents a yield of 3.48%. This is an increase from National Bank of Canada's previous dividend of $0.80. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.