National Bank of Canada (OTCMKTS:NTIOF) Upgraded to Moderate Buy at Cormark

Cormark upgraded shares of National Bank of Canada (OTCMKTS:NTIOF) from a hold rating to a moderate buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Several other analysts have also recently weighed in on NTIOF. Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Cibc World Mkts upgraded National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th.

National Bank of Canada Trading Down 1.5 %

Shares of NTIOF opened at $91.19 on Wednesday. National Bank of Canada has a 12-month low of $73.17 and a 12-month high of $100.08. The firm has a market capitalization of $31.08 billion, a P/E ratio of 11.62 and a beta of 1.07. The firm has a 50-day moving average price of $94.42 and a 200 day moving average price of $90.98. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06.

National Bank of Canada Increases Dividend

The business also recently announced a dividend, which will be paid on Saturday, February 1st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.8104 per share. This represents a yield of 3.53%. The ex-dividend date is Monday, December 30th. This is a positive change from National Bank of Canada’s previous dividend of $0.81. National Bank of Canada’s dividend payout ratio (DPR) is 41.02%.

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.