63,587 Shares in National Bank of Canada $NTIOF Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new position in shares of National Bank of Canada (OTCMKTS:NTIOF) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 63,587 shares of the financial services provider’s stock, valued at approximately $2,825,000.

Analyst Ratings Changes

A number of brokerages have recently commented on NTIOF. Desjardins downgraded shares of National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of National Bank of Canada in a report on Thursday. Raymond James Financial reiterated a “market perform” rating on shares of National Bank of Canada in a research note on Tuesday, May 12th. TD Securities reiterated a “hold” rating on shares of National Bank of Canada in a report on Wednesday, August 12th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of National Bank of Canada in a research report on Thursday, August 27th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

National Bank of Canada Trading Down 0.3%

Shares of National Bank of Canada stock opened at $157.75 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.74 and a quick ratio of 0.74. The business has a fifty day simple moving average of $160.20 and a two-hundred day simple moving average of $148.94. National Bank of Canada has a 1 year low of $104.99 and a 1 year high of $171.47. The company has a market capitalization of $60.55 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 1.32 and a beta of 0.86.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings data on Wednesday, August 26th. The financial services provider reported $2.43 EPS for the quarter, beating the consensus estimate of $2.32 by $0.11. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.75 billion. National Bank of Canada had a net margin of 17.22% and a return on equity of 16.74%. Research analysts forecast that National Bank of Canada will post 9.44 EPS for the current year.

National Bank of Canada Profile

National Bank of Canada (OTCMKTS: NTIOF) is a full‑service Canadian financial institution headquartered in Montreal, Quebec. The bank offers a broad range of products and services for personal, commercial and institutional clients, including deposit accounts, mortgages and consumer lending, small‑ and medium‑sized business banking, corporate lending, and cash management solutions.

In addition to traditional banking, National Bank provides wealth management and brokerage services through its private banking and advisory channels, and operates an investment banking and capital markets platform that delivers underwriting, advisory, trading and research services.