National Bank of Canada (OTCMKTS:NTIOF) Rating Lowered to Hold at Cibc World Mkts

Cibc World Mkts lowered shares of National Bank of Canada (OTCMKTS:NTIOF) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

A number of other research analysts have also commented on the company. Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Cormark raised National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, January 15th.

National Bank of Canada Stock Performance

Shares of OTCMKTS NTIOF opened at $86.99 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $34.03 billion, a price-to-earnings ratio of 11.08 and a beta of 1.07. The business’s 50-day simple moving average is $90.53 and its 200-day simple moving average is $92.22. National Bank of Canada has a 52 week low of $76.15 and a 52 week high of $100.08.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings data on Wednesday, December 4th. The financial services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.05. National Bank of Canada had a return on equity of 17.21% and a net margin of 24.65%. As a group, equities research analysts expect that National Bank of Canada will post 7.63 earnings per share for the current fiscal year.

National Bank of Canada Increases Dividend

The firm also recently declared a dividend, which was paid on Saturday, February 1st. Shareholders of record on Tuesday, December 31st were given a $0.8104 dividend. This is an increase from National Bank of Canada’s previous dividend of $0.81. This represents a yield of 3.53%. The ex-dividend date was Monday, December 30th. National Bank of Canada’s payout ratio is currently 41.02%.

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.