National Bank of Canada (OTCMKTS:NTIOF) Shares Cross Above 50 Day Moving Average - Time to Sell?

Key Points

• The stock price of National Bank of Canada (OTCMKTS:NTIOF) surpassed its fifty day moving average, reaching a high of $105.63 during trading on Monday.
• Analyst ratings for National Bank indicate a mixed sentiment, with a consensus rating of "Hold", and two analysts issuing a Buy rating while one rated it a Sell.
• The bank recently increased its dividend to $0.8578, reflecting a dividend yield of 348.0%, with a payout ratio of 47.34%.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $105.31 and traded as high as $105.63. National Bank of Canada shares last traded at $105.63, with a volume of 34,384 shares traded.

Analyst Upgrades and Downgrades

NTIOF has been the topic of several research reports. Cibc World Mkts raised National Bank of Canada from a "strong sell" rating to a "hold" rating in a report on Friday, August 1st. Scotiabank restated an "outperform" rating on shares of National Bank of Canada in a research report on Thursday, August 28th. CIBC restated an "outperform" rating on shares of National Bank of Canada in a research report on Tuesday, May 20th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of National Bank of Canada in a research report on Thursday, August 28th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold".

National Bank of Canada Trading Down 0.4%

The company's 50 day moving average price is $105.55 and its 200 day moving average price is $94.75. The company has a market cap of $42.29 billion, a price-to-earnings ratio of 14.71 and a beta of 0.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.75.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last posted its earnings results on Wednesday, August 27th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.98 by ($0.03). National Bank of Canada had a net margin of 15.34% and a return on equity of 16.05%. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $3.47 billion. Research analysts anticipate 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 was paid on Friday, August 1st. Shareholders of record on Tuesday, July 1st were given a $0.8578 dividend. The ex-dividend date was Monday, June 30th. This represents a yield of 348.0%. This is a positive change from National Bank of Canada's previous dividend of $0.80. National Bank of Canada's dividend payout ratio (DPR) is 47.34%.

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.