National Bank of Canada (OTCMKTS:NTIOF) Downgraded to “Hold” Rating by Cibc World Mkts

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

NTIOF has been the topic of a number of other research reports. Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Cormark raised National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, January 15th.

National Bank of Canada Stock Down 0.3 %

National Bank of Canada stock 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 capitalization of $34.03 billion, a price-to-earnings ratio of 11.08 and a beta of 1.07. National Bank of Canada has a fifty-two week low of $76.15 and a fifty-two week high of $100.08. The stock’s fifty day moving average is $90.53 and its two-hundred day moving average is $92.22.

National Bank of Canada (OTCMKTS:NTIOF) last posted 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%. Analysts predict that National Bank of Canada will post 7.63 EPS 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 paid a $0.8104 dividend. This represents a yield of 3.53%. This is a positive change from National Bank of Canada’s previous dividend of $0.81. The ex-dividend date of this dividend was Monday, December 30th. National Bank of Canada’s dividend payout ratio (DPR) is presently 41.02%.

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.