National Bank of Canada (OTCMKTS:NTIOF) Given Average Recommendation of “Hold” by Brokerages

National Bank of Canada (OTCMKTS:NTIOF) has been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

Several equities research analysts have recently weighed in on NTIOF shares. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a research report on Tuesday, November 25th. CIBC restated a “neutral” rating on shares of National Bank of Canada in a research report on Thursday. Desjardins raised shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of National Bank of Canada in a research note on Friday. Finally, Raymond James Financial initiated coverage on shares of National Bank of Canada in a report on Monday, November 24th. They issued a “hold” rating for the company.

National Bank of Canada Price Performance

National Bank of Canada stock opened at $123.53 on Wednesday. National Bank of Canada has a one year low of $74.21 and a one year high of $123.82. The business has a fifty day moving average price of $112.66 and a 200-day moving average price of $106.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $48.29 billion, a P/E ratio of 17.09 and a beta of 0.90.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.13. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.43 billion. National Bank of Canada had a return on equity of 16.16% and a net margin of 13.07%. As a group, equities research analysts forecast that National Bank of Canada will post 7.63 EPS for the current year.

National Bank of Canada Cuts Dividend

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

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.