National Bank of Canada (OTCMKTS:NTIOF) Receives Consensus Rating of “Hold” from Analysts

National Bank of Canada (OTCMKTS:NTIOF) has been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company.

Several brokerages recently issued reports on NTIOF. Scotiabank restated an “outperform” rating on shares of National Bank of Canada in a research report on Thursday, August 28th. Cibc World Mkts upgraded National Bank of Canada from a “strong sell” rating to a “hold” rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of National Bank of Canada in a report on Thursday, August 28th.

National Bank of Canada Trading Up 0.1%

Shares of National Bank of Canada stock opened at $107.96 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. National Bank of Canada has a 1 year low of $74.21 and a 1 year high of $110.28. The company has a market capitalization of $42.33 billion, a P/E ratio of 14.73 and a beta of 0.96. The business has a 50 day moving average price of $107.60 and a 200 day moving average price of $99.17.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings data 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). National Bank of Canada had a return on equity of 16.05% and a net margin of 15.34%.The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $3.47 billion. 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 firm also recently declared a dividend, which will be paid on Saturday, November 1st. Shareholders of record on Tuesday, September 30th will be issued a $0.8531 dividend. The ex-dividend date is Monday, September 29th. This represents a yield of 313.0%. National Bank of Canada’s payout ratio 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.