National Bank of Canada (OTCMKTS:NTIOF) Reaches New 52-Week High – Still a Buy?

National Bank of Canada (OTCMKTS:NTIOF)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $124.57 and last traded at $124.52, with a volume of 224 shares traded. The stock had previously closed at $123.53.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Desjardins raised National Bank of Canada from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 11th. Zacks Research raised shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. CIBC reiterated a “neutral” rating on shares of National Bank of Canada in a research report on Thursday. National Bankshares upgraded National Bank of Canada from an “underperform” rating to a “buy” rating in a research note on Tuesday, November 11th. Finally, TD Securities restated a “hold” rating on shares of National Bank of Canada in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

National Bank of Canada Trading Up 1.1%

The firm has a 50-day moving average of $112.99 and a two-hundred day moving average of $107.04. The firm has a market capitalization of $48.87 billion, a P/E ratio of 17.29 and a beta of 0.90. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11.

National Bank of Canada (OTCMKTS:NTIOF) last issued its earnings results on Wednesday, December 3rd. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.90 by $0.13. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $3.43 billion. National Bank of Canada had a return on equity of 16.16% and a net margin of 13.07%. On average, analysts anticipate that National Bank of Canada will post 7.63 EPS for the current year.

National Bank of Canada Cuts Dividend

The business also recently disclosed a dividend, which was paid on Saturday, November 1st. Investors of record on Tuesday, September 30th were given a dividend of $0.8531 per share. This represents a yield of 313.0%. The ex-dividend date was Monday, September 29th. National Bank of Canada’s dividend payout ratio is currently 47.58%.

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.