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

Key Points

• National Bank of Canada shares have surpassed their 50-day moving average of $107.10, trading at $108.39 with a volume of 30,491 shares.
• Recent analyst reports show a consensus rating of "Hold" with two analysts rating the stock as a Buy and four as Hold, while one has issued a Sell rating.
• The company recently announced a dividend of $0.8531, with an impressive dividend yield of 313.0% and a payout ratio of 46.93%.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $107.10 and traded as high as $108.51. National Bank of Canada shares last traded at $108.39, with a volume of 30,491 shares.

Wall Street Analyst Weigh In

NTIOF has been the subject of a number of recent analyst reports. Scotiabank reaffirmed an "outperform" rating on shares of National Bank of Canada in a research report on Thursday, August 28th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of National Bank of Canada in a report on Thursday, August 28th. Finally, Cibc World Mkts raised shares of National Bank of Canada from a "strong sell" rating to a "hold" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold".

National Bank of Canada Stock Up 0.4%

The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $42.50 billion, a P/E ratio of 14.79 and a beta of 0.96. The firm has a 50-day moving average price of $107.10 and a two-hundred day moving average price of $98.10.

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 earnings per share 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 company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. Equities research analysts anticipate that National Bank of Canada will post 7.63 EPS for the current fiscal year.

National Bank of Canada Cuts Dividend

The business also recently announced a dividend, which will be paid on Saturday, November 1st. Investors of record on Tuesday, September 30th will be paid a $0.8531 dividend. This represents a dividend yield of 313.0%. The ex-dividend date is Monday, September 29th. National Bank of Canada's dividend payout ratio (DPR) is presently 46.93%.

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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