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

National Bank of Canada (OTCMKTS:NTIOF) shares hit a new 52-week high on Tuesday . The company traded as high as $126.05 and last traded at $126.05, with a volume of 315 shares traded. The stock had previously closed at $125.35.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NTIOF. Desjardins upgraded National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 11th. National Bankshares raised National Bank of Canada from an “underperform” rating to a “buy” rating in a research report on Tuesday, November 11th. Raymond James Financial assumed coverage on National Bank of Canada in a report on Monday, November 24th. They issued a “hold” rating for the company. Zacks Research raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. Finally, TD Securities reiterated a “hold” rating on shares of National Bank of Canada in a research report on Thursday, December 4th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

National Bank of Canada Stock Performance

The stock has a market cap of $49.15 billion, a PE ratio of 17.42 and a beta of 0.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.74 and a quick ratio of 0.75. The stock has a 50-day simple moving average of $115.91 and a 200-day simple moving average of $108.55.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.13. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $3.43 billion. National Bank of Canada had a return on equity of 15.74% and a net margin of 13.07%. Equities analysts predict that National Bank of Canada will post 7.63 earnings per share for the current fiscal year.

National Bank of Canada Cuts Dividend

The business also recently declared a dividend, which was paid on Saturday, November 1st. Investors of record on Tuesday, September 30th were issued a $0.8531 dividend. This represents a yield of 313.0%. The ex-dividend date was Monday, September 29th. National Bank of Canada’s dividend payout ratio is currently 47.58%.

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.