National Bank of Canada (OTCMKTS:NTIOF) Receives Average Recommendation of “Hold” from Analysts

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

A number of brokerages have recently weighed in on NTIOF. Royal Bank Of Canada reiterated a “sector perform” rating on shares of National Bank of Canada in a report on Thursday, August 28th. Cibc World Mkts raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a report on Friday, August 1st. Finally, Scotiabank reaffirmed an “outperform” rating on shares of National Bank of Canada in a report on Thursday, August 28th.

National Bank of Canada Price Performance

Shares of OTCMKTS NTIOF opened at $110.00 on Tuesday. National Bank of Canada has a twelve month low of $74.21 and a twelve month high of $110.28. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $43.13 billion, a price-to-earnings ratio of 15.01 and a beta of 0.96. The business has a 50 day simple moving average of $107.45 and a 200-day simple moving average of $98.87.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings results on Wednesday, August 27th. The financial services provider reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). National Bank of Canada had a net margin of 15.34% and a return on equity of 16.05%. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. As a group, equities research analysts expect 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 will be paid on Saturday, November 1st. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.8531 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a dividend yield of 313.0%. National Bank of Canada’s dividend payout ratio is 46.93%.

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.