National Bank of Canada (OTCMKTS:NTIOF) Shares Gap Down - Time to Sell?

Key Points

• National Bank of Canada shares gapped down from a previous close of $103.82 to open at $99.00 on Monday, with a trading volume of 191 shares.
• The bank reported a quarterly earnings of $2.00 per share, exceeding analyst estimates by $0.29, although revenue was lower than expected at $2.64 billion.
• The firm recently announced an increased dividend of $0.8578 per share, reflecting a yield of 348.0% and a payout ratio of 45.90%.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $103.82, but opened at $99.00. National Bank of Canada shares last traded at $99.00, with a volume of 191 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NTIOF shares. Scotiabank upgraded shares of National Bank of Canada to a "strong-buy" rating in a report on Thursday, May 15th. CIBC reaffirmed an "outperform" rating on shares of National Bank of Canada in a research note on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, National Bank of Canada currently has a consensus rating of "Hold".

National Bank of Canada Trading Up 0.2%

The stock has a market capitalization of $40.75 billion, a price-to-earnings ratio of 13.76 and a beta of 1.02. The business's 50-day simple moving average is $101.14 and its two-hundred day simple moving average is $91.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.76 and a quick ratio of 0.76.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The financial services provider reported $2.00 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.33 billion. On average, research analysts anticipate 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 was paid on Friday, August 1st. Shareholders of record on Tuesday, July 1st were issued a $0.8578 dividend. This is a boost from National Bank of Canada's previous dividend of $0.80. This represents a yield of 348.0%. The ex-dividend date of this dividend was Monday, June 30th. National Bank of Canada's dividend payout ratio is presently 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.

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