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

Key Points

• National Bank of Canada (OTCMKTS:NTIOF) shares surpassed their 50-day moving average on Tuesday, trading at approximately $109.40.
• Analysts have mixed recommendations for the stock, with two rated as Buy, four as Hold, and one as Sell, resulting in an average rating of "Hold."
• The bank recently increased its dividend to $0.8578 per share, reflecting a significant boost from the previous dividend of $0.80, leading to a dividend yield of 348.0%.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $105.87 and traded as high as $109.44. National Bank of Canada shares last traded at $109.40, with a volume of 14,397 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NTIOF shares. Royal Bank Of Canada reissued a "sector perform" rating on shares of National Bank of Canada in a research report on Thursday, August 28th. Scotiabank reiterated an "outperform" rating on shares of National Bank of Canada in a research note on Thursday, August 28th. Finally, Cibc World Mkts upgraded shares of National Bank of Canada from a "strong sell" rating to a "hold" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, National Bank of Canada presently has a consensus rating of "Hold".

National Bank of Canada Price Performance

The stock's fifty day moving average is $106.22 and its two-hundred day moving average is $95.89. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a market cap of $42.78 billion, a P/E ratio of 14.88 and a beta of 0.98.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The financial services provider reported $1.95 EPS for the quarter, missing analysts' consensus estimates of $1.98 by ($0.03). National Bank of Canada had a return on equity of 16.05% and a net margin of 15.34%.The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. As a group, research analysts anticipate that National Bank of Canada will post 7.63 earnings per share for the current year.

National Bank of Canada Cuts Dividend

The firm also recently announced a dividend, which will be paid on Saturday, November 1st. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.8531 per share. This represents a yield of 313.0%. The ex-dividend date is Monday, September 29th. National Bank of Canada's dividend payout ratio (DPR) is currently 47.34%.

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.