National Bank of Canada (OTCMKTS:NTIOF) Downgraded to “Hold” Rating by Cormark

Cormark cut shares of National Bank of Canada (OTCMKTS:NTIOF) from a moderate buy rating to a hold rating in a report published on Friday morning,Zacks.com reports. Cormark also issued estimates for National Bank of Canada’s Q1 2025 earnings at $1.88 EPS, FY2025 earnings at $7.48 EPS and FY2026 earnings at $8.20 EPS.

Several other research analysts also recently commented on NTIOF. Cibc World Mkts downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Barclays cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st.

National Bank of Canada Price Performance

OTCMKTS:NTIOF opened at $87.37 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a fifty day simple moving average of $90.53 and a 200 day simple moving average of $92.22. National Bank of Canada has a 1-year low of $76.15 and a 1-year high of $100.08. The stock has a market capitalization of $34.18 billion, a PE ratio of 11.13 and a beta of 1.07.

National Bank of Canada (OTCMKTS:NTIOF) last posted its earnings results on Wednesday, December 4th. The financial services provider reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.05. National Bank of Canada had a return on equity of 17.21% and a net margin of 24.65%. On average, research analysts expect that National Bank of Canada will post 7.63 EPS for the current fiscal year.

National Bank of Canada Increases Dividend

The firm also recently disclosed a dividend, which was paid on Saturday, February 1st. Shareholders of record on Tuesday, December 31st were paid a $0.8104 dividend. This represents a yield of 3.53%. The ex-dividend date of this dividend was Monday, December 30th. This is an increase from National Bank of Canada’s previous dividend of $0.81. National Bank of Canada’s dividend payout ratio is 41.02%.

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.