National Bank of Canada (OTCMKTS:NTIOF) Shares Gap Down – Time to Sell?

National Bank of Canada (OTCMKTS:NTIOF)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $160.5450, but opened at $156.86. National Bank of Canada shares last traded at $160.36, with a volume of 712 shares.

Analyst Ratings Changes

NTIOF has been the subject of several recent analyst reports. Desjardins downgraded National Bank of Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 4th. Royal Bank Of Canada restated a “sector perform” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Canadian Imperial Bank of Commerce raised shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. TD Securities reiterated a “hold” rating on shares of National Bank of Canada in a research note on Wednesday, August 12th. Finally, Zacks Research downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

National Bank of Canada Stock Up 1.1%

The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.11. The firm has a 50 day simple moving average of $160.14 and a 200-day simple moving average of $146.72. The stock has a market cap of $60.98 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87.

National Bank of Canada (OTCMKTS:NTIOF) last issued its earnings results on Wednesday, May 27th. The financial services provider reported $2.36 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.81 billion. On average, equities research analysts forecast that National Bank of Canada will post 9.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On National Bank of Canada

A hedge fund recently bought a new stake in National Bank of Canada stock. Public Employees Retirement System of Ohio acquired a new position in shares of National Bank of Canada (OTCMKTS:NTIOF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 63,587 shares of the financial services provider’s stock, valued at approximately $2,825,000. Institutional investors and hedge funds own 0.06% of the company’s stock.

National Bank of Canada Company 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.