National Bank of Canada (OTCMKTS:NTIOF) Stock Price Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• The stock price of National Bank of Canada (OTCMKTS: NTIOF) surpassed its 50-day moving average during trading, reaching a high of $107.68.
• Despite recent performance, the bank reported earnings per share (EPS) of $1.95, which missed analysts' estimates of $1.98.
• The company declared a dividend of $0.8531, with a significant dividend yield of 313.0%, to be paid on November 1st.

Shares of National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $106.85 and traded as high as $107.68. National Bank of Canada shares last traded at $106.94, with a volume of 12,652 shares traded.

Wall Street Analyst Weigh In

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

National Bank of Canada Stock Performance

The firm has a market cap of $41.93 billion, a price-to-earnings ratio of 14.59 and a beta of 0.98. 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 stock has a fifty day moving average price of $106.85 and a 200-day moving average price of $97.16.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last released 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 company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $3.47 billion. On average, analysts expect that National Bank of Canada will post 7.63 earnings per share for the current fiscal year.

National Bank of Canada Cuts Dividend

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

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