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

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

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Cibc World Mkts downgraded shares of 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 Stock Performance

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 company has a market cap of $33.54 billion, a PE ratio of 13.17 and a beta of 1.07. The business’s 50-day moving average is $95.31 and its 200 day moving average is $88.26.

National Bank of Canada (OTCMKTS:NTIOF) last posted 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 return on equity of 17.29% and a net margin of 19.10%. The business had revenue of $2.18 billion for the quarter. On average, equities research analysts predict that National Bank of Canada will post 7.45 EPS for the current fiscal year.

National Bank of Canada Increases Dividend

The company also recently announced a dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, September 30th were issued a dividend of $0.8081 per share. This is a positive change from National Bank of Canada’s previous dividend of $0.81. This represents a dividend yield of 3.45%. The ex-dividend date was Friday, September 27th. National Bank of Canada’s dividend 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.