National Bank of Canada (OTCMKTS:NTIOF) Given Consensus Recommendation of “Hold” by Brokerages

National Bank of Canada (OTCMKTS:NTIOF) has been assigned a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company.

NTIOF has been the topic of several recent analyst reports. Cibc World Mkts raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a research note on Friday, August 1st. Scotiabank reissued an “outperform” rating on shares of National Bank of Canada in a research note on Thursday, August 28th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of National Bank of Canada in a research note on Thursday, August 28th.

National Bank of Canada Stock Down 1.4%

NTIOF stock opened at $107.78 on Friday. National Bank of Canada has a twelve month low of $74.21 and a twelve month high of $110.28. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The stock has a market cap of $42.26 billion, a P/E ratio of 14.70 and a beta of 0.98. The business’s 50-day moving average price is $106.71 and its 200-day moving average price is $96.57.

National Bank of Canada (OTCMKTS:NTIOF) last posted its quarterly earnings data on Wednesday, August 27th. The financial services provider reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $3.47 billion. National Bank of Canada had a net margin of 15.34% and a return on equity of 16.05%. On average, equities research analysts forecast that National Bank of Canada will post 7.63 EPS for the current year.

National Bank of Canada Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Saturday, November 1st. Shareholders of record on Tuesday, September 30th will be paid a $0.8531 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a yield of 313.0%. National Bank of Canada’s payout ratio is presently 47.34%.

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.