National Bank of Canada (OTCMKTS:NTIOF) Sets New 1-Year High – Time to Buy?

Shares of National Bank of Canada (OTCMKTS:NTIOF) reached a new 52-week high during trading on Monday . The company traded as high as $98.91 and last traded at $98.33, with a volume of 100418 shares. The stock had previously closed at $98.56.

Wall Street Analysts Forecast Growth

NTIOF has been the subject of several research analyst reports. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. Barclays cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday.

National Bank of Canada Price Performance

The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $95.04 and its two-hundred day moving average price is $88.00. The company has a market cap of $33.48 billion, a P/E ratio of 13.05 and a beta of 1.07.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings data on Wednesday, August 28th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter. The firm had revenue of $2.18 billion for the quarter. National Bank of Canada had a return on equity of 17.29% and a net margin of 19.10%. As a group, sell-side analysts expect that National Bank of Canada will post 7.53 earnings per share for the current year.

National Bank of Canada Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, September 30th were issued a $0.8081 dividend. This represents a yield of 3.45%. The ex-dividend date of this dividend was Friday, September 27th. This is an increase from National Bank of Canada’s previous dividend of $0.81. National Bank of Canada’s payout ratio is currently 43.58%.

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.