National Bank of Canada (OTCMKTS:NTIOF) Hits New 12-Month High – Here’s Why

National Bank of Canada (OTCMKTS:NTIOF)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $112.95 and last traded at $112.95, with a volume of 153 shares traded. The stock had previously closed at $111.13.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NTIOF shares. Zacks Research downgraded shares of National Bank of Canada from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a research report on Thursday, August 28th. Cibc World Mkts raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a research note 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 analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

National Bank of Canada Stock Performance

The company has a 50-day simple moving average of $108.56 and a two-hundred day simple moving average of $102.83. 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 firm has a market cap of $44.50 billion, a PE ratio of 15.48 and a beta of 0.95.

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

National Bank of Canada Cuts Dividend

The business also recently announced a dividend, which was paid on Saturday, November 1st. Shareholders of record on Tuesday, September 30th were paid a $0.8531 dividend. The ex-dividend date was Monday, September 29th. This represents a yield of 313.0%. National Bank of Canada’s dividend payout ratio (DPR) is currently 46.79%.

About National Bank of Canada

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.