National Bank of Canada (OTCMKTS:NTIOF) Given Consensus Rating of “Hold” by Brokerages

Shares of National Bank of Canada (OTCMKTS:NTIOF) have been given an average recommendation of “Hold” by the eight analysts that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.

NTIOF has been the topic of several recent research reports. National Bank Financial lowered National Bank of Canada from a “neutral” rating to a “hold” rating in a report on Tuesday, August 4th. Zacks Research downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Raymond James Financial reissued a “market perform” rating on shares of National Bank of Canada in a research note on Tuesday, May 12th. Finally, Scotiabank reissued an “outperform” rating on shares of National Bank of Canada in a research note on Tuesday, June 16th.

Hedge Funds Weigh In On National Bank of Canada

A hedge fund recently bought a new stake in National Bank of Canada stock. Paradigm Capital Management Inc. NY purchased a new stake in National Bank of Canada (OTCMKTS:NTIOF) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,000 shares of the financial services provider’s stock, valued at approximately $311,000. 0.06% of the stock is currently owned by hedge funds and other institutional investors.

National Bank of Canada Stock Performance

Shares of NTIOF opened at $165.44 on Monday. The company’s fifty day moving average is $159.00 and its 200-day moving average is $145.52. National Bank of Canada has a 12 month low of $103.35 and a 12 month high of $171.47. The firm has a market cap of $63.51 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.51 and a beta of 0.87. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings data on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.07. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.81 billion. National Bank of Canada had a net margin of 14.49% and a return on equity of 15.99%. Equities analysts expect that National Bank of Canada will post 9.21 EPS for the current fiscal year.

About National Bank of Canada

National Bank of Canada (OTCMKTS: NTIOF) is a full‑service Canadian financial institution headquartered in Montreal, Quebec. The bank offers a broad range of products and services for personal, commercial and institutional clients, including deposit accounts, mortgages and consumer lending, small‑ and medium‑sized business banking, corporate lending, and cash management solutions.

In addition to traditional banking, National Bank provides wealth management and brokerage services through its private banking and advisory channels, and operates an investment banking and capital markets platform that delivers underwriting, advisory, trading and research services.