Paradigm Capital Management Inc. NY Acquires New Stake in National Bank of Canada $NTIOF

Paradigm Capital Management Inc. NY bought a new position in National Bank of Canada (OTCMKTS:NTIOF) in the second quarter, HoldingsChannel.com reports. The firm bought 7,000 shares of the financial services provider’s stock, valued at approximately $311,000.

National Bank of Canada Price Performance

OTCMKTS:NTIOF opened at $156.40 on Tuesday. National Bank of Canada has a 52-week low of $103.35 and a 52-week high of $171.47. The company has a market cap of $60.04 billion, a P/E ratio of 19.12, a P/E/G ratio of 1.44 and a beta of 0.87. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.74 and a current ratio of 0.74. The stock’s 50-day simple moving average is $160.44 and its 200 day simple moving average is $147.25.

National Bank of Canada (OTCMKTS:NTIOF) last posted its quarterly earnings results on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.07. National Bank of Canada had a return on equity of 15.99% and a net margin of 14.49%.The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.81 billion. As a group, sell-side analysts forecast that National Bank of Canada will post 9.21 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Desjardins lowered National Bank of Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 4th. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a report on Tuesday, June 16th. Zacks Research lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Raymond James Financial restated a “market perform” rating on shares of National Bank of Canada in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.