National Bank of Canada (OTCMKTS:NTIOF) Reaches New 52-Week Low at $65.98

National Bank of Canada (OTCMKTS:NTIOFGet Rating)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $65.98 and last traded at $65.98, with a volume of 5494 shares changing hands. The stock had previously closed at $69.71.

Several equities analysts recently weighed in on the stock. Desjardins decreased their target price on shares of National Bank of Canada from C$104.00 to C$103.00 and set a “hold” rating for the company in a research note on Tuesday, May 31st. CIBC raised their target price on shares of National Bank of Canada from C$100.00 to C$102.00 in a research note on Tuesday, May 31st. Scotiabank decreased their target price on shares of National Bank of Canada from C$108.00 to C$106.00 and set an “outperform” rating for the company in a research note on Friday, May 20th. Credit Suisse Group raised their target price on shares of National Bank of Canada from C$106.00 to C$111.00 in a research note on Tuesday, May 31st. Finally, Stifel Nicolaus cut their price target on National Bank of Canada from C$118.00 to C$117.00 in a report on Friday, April 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $106.27.

The firm has a fifty day simple moving average of $72.66 and a 200-day simple moving average of $76.14. The firm has a market cap of $22.21 billion, a price-to-earnings ratio of 8.52 and a beta of 1.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.81 and a current ratio of 0.81.

National Bank of Canada (OTCMKTS:NTIOFGet Rating) last posted its earnings results on Friday, May 27th. The financial services provider reported $2.00 earnings per share for the quarter. National Bank of Canada had a return on equity of 21.15% and a net margin of 29.61%. The company had revenue of $1.92 billion during the quarter.

The company also recently announced a dividend, which will be paid on Monday, August 1st. Stockholders of record on Monday, June 27th will be issued a dividend of $0.721 per share. The ex-dividend date is Friday, June 24th. This represents a dividend yield of 4.37%. This is an increase from National Bank of Canada’s previous dividend of $0.68. National Bank of Canada’s dividend payout ratio (DPR) is currently 35.48%.

About National Bank of Canada (OTCMKTS:NTIOF)

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.

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