National Bank of Canada (OTCMKTS:NTIOF) Stock Crosses Above Fifty Day Moving Average - Time to Sell?

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report)'s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $97.50 and traded as high as $102.80. National Bank of Canada shares last traded at $102.76, with a volume of 12,044 shares traded.

Analyst Ratings Changes

Several research analysts recently weighed in on NTIOF shares. Cibc World Mkts cut shares of National Bank of Canada from a "hold" rating to a "strong sell" rating in a report on Friday, April 4th. CIBC restated an "outperform" rating on shares of National Bank of Canada in a report on Tuesday, May 20th. National Bankshares lowered shares of National Bank of Canada from a "speculative buy" rating to an "underperform" rating in a research report on Friday, April 4th. Finally, Scotiabank raised shares of National Bank of Canada to a "strong-buy" rating in a research report on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold".

National Bank of Canada Trading Up 0.2%

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 firm has a market cap of $40.80 billion, a PE ratio of 13.77 and a beta of 1.01. The stock's 50 day simple moving average is $98.34 and its 200 day simple moving average is $90.25.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The financial services provider reported $2.00 EPS for the quarter, topping analysts' consensus estimates of $1.71 by $0.29. National Bank of Canada had a net margin of 18.73% and a return on equity of 16.83%. The business had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $3.33 billion. On average, sell-side analysts forecast that National Bank of Canada will post 7.63 earnings per share for the current fiscal year.

National Bank of Canada Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st will be paid a $0.8578 dividend. This is a boost from National Bank of Canada's previous dividend of $0.80. The ex-dividend date of this dividend is Monday, June 30th. This represents a dividend yield of 3.48%. National Bank of Canada's dividend payout ratio is 45.90%.

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.