Short Interest in National Bank of Canada (OTCMKTS:NTIOF) Drops By 42.8%

National Bank of Canada (OTCMKTS:NTIOF) saw a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 5,122,700 shares, a decline of 42.8% from the January 31st total of 8,953,400 shares. Based on an average daily trading volume, of 167,600 shares, the days-to-cover ratio is currently 30.6 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NTIOF shares. Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, Cormark lowered National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 21st.

National Bank of Canada Trading Up 0.3 %

Shares of OTCMKTS NTIOF traded up $0.26 during midday trading on Friday, hitting $83.17. The stock had a trading volume of 162,755 shares, compared to its average volume of 96,491. The company has a market capitalization of $32.54 billion, a price-to-earnings ratio of 10.59 and a beta of 1.07. National Bank of Canada has a 1-year low of $76.77 and a 1-year high of $100.08. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average price of $89.68 and a 200 day moving average price of $92.43.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings results on Wednesday, December 4th. The financial services provider reported $1.89 EPS for the quarter, topping the consensus estimate 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%. On average, analysts predict that National Bank of Canada will post 7.63 earnings per share for the current year.

National Bank of Canada Increases Dividend

The business also recently declared a dividend, which was paid on Saturday, February 1st. Investors of record on Tuesday, December 31st were issued a $0.8104 dividend. The ex-dividend date was Monday, December 30th. This is a boost from National Bank of Canada’s previous dividend of $0.81. This represents a yield of 3.53%. National Bank of Canada’s dividend payout ratio is currently 39.67%.

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.