National Bank of Canada (OTCMKTS:NTIOF) Stock Price Passes Above 50-Day Moving Average - Here's Why

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 $88.47 and traded as high as $98.49. National Bank of Canada shares last traded at $98.44, with a volume of 21,606 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Cibc World Mkts downgraded shares of National Bank of Canada from a "hold" rating to a "strong sell" rating in a report on Friday, April 4th. National Bankshares downgraded shares of National Bank of Canada from a "speculative buy" rating to an "underperform" rating in a report on Friday, April 4th. Scotiabank upgraded shares of National Bank of Canada to a "strong-buy" rating in a report on Thursday, May 15th. Cormark downgraded shares of National Bank of Canada from a "moderate buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, CIBC reiterated an "outperform" rating on shares of National Bank of Canada in a report on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

National Bank of Canada Stock Up 0.2%

The stock has a market cap of $38.91 billion, a P/E ratio of 12.66 and a beta of 1.01. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm's fifty day moving average is $89.55 and its 200 day moving average is $89.04.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last announced its earnings results on Wednesday, May 28th. The financial services provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.71 by $0.29. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $3.33 billion. National Bank of Canada had a net margin of 24.65% and a return on equity of 17.21%. As a group, equities research analysts forecast that National Bank of Canada will post 7.63 EPS for the current year.

National Bank of Canada Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, May 1st. Investors of record on Tuesday, April 1st were paid a dividend of $0.7975 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a yield of 3.86%. National Bank of Canada's dividend payout ratio is 45.37%.

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.