National Bank of Canada (OTCMKTS:NTIOF) Sets New 1-Year High – Here’s What Happened

National Bank of Canada (OTCMKTS:NTIOF)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $96.84 and last traded at $96.77, with a volume of 2834 shares. The stock had previously closed at $96.28.

Wall Street Analysts Forecast Growth

Separately, 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.

National Bank of Canada Trading Up 0.5 %

The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a market cap of $32.95 billion, a PE ratio of 12.56 and a beta of 1.07. The firm has a 50 day moving average of $94.65 and a 200 day moving average of $87.59.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings results on Wednesday, August 28th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter. National Bank of Canada had a net margin of 19.10% and a return on equity of 17.29%. The company had revenue of $2.18 billion for the quarter. Equities analysts anticipate that National Bank of Canada will post 7.6 earnings per share for the current year.

National Bank of Canada Increases Dividend

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

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.