National Bank of Canada (OTCMKTS:NTIOF) Sets New 52-Week High – What’s Next?

National Bank of Canada (OTCMKTS:NTIOF) shares reached a new 52-week high during trading on Friday . The company traded as high as $110.29 and last traded at $110.29, with a volume of 758 shares trading hands. The stock had previously closed at $109.21.

Analysts Set New Price Targets

A number of research firms have recently commented on NTIOF. Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a research note on Thursday, August 28th. Cibc World Mkts raised shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a research report on Friday, August 1st. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Bank of Canada in a research note on Thursday, August 28th. Finally, Zacks Research cut National Bank of Canada from a “hold” rating to a “strong sell” rating in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, National Bank of Canada currently has a consensus rating of “Hold”.

National Bank of Canada Stock Performance

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 cap of $43.31 billion, a P/E ratio of 15.06 and a beta of 0.96. The firm has a 50 day moving average of $107.75 and a 200-day moving average of $100.50.

National Bank of Canada (OTCMKTS:NTIOF) last announced its earnings results on Wednesday, August 27th. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.03). The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $3.47 billion. National Bank of Canada had a net margin of 15.34% and a return on equity of 16.05%. As a group, sell-side 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. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.8531 per share. This represents a yield of 313.0%. The ex-dividend date of this dividend is Monday, September 29th. National Bank of Canada’s dividend payout ratio (DPR) is 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.