National Bank of Canada (OTCMKTS:NTIOF) Upgraded by Desjardins to “Moderate Buy” Rating

Desjardins upgraded shares of National Bank of Canada (OTCMKTS:NTIOF) from a hold rating to a moderate buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

NTIOF has been the subject of a number of other research reports. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a report on Thursday, August 28th. National Bankshares raised shares of National Bank of Canada from an “underperform” rating to a “buy” rating in a research report on Tuesday. Royal Bank Of Canada reissued a “sector perform” rating on shares of National Bank of Canada in a research report on Thursday, August 28th. Zacks Research downgraded shares of National Bank of Canada from a “hold” rating to a “strong sell” rating in a research report on Monday, October 20th. Finally, Cibc World Mkts raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a research report on Friday, August 1st. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

National Bank of Canada Stock Down 0.7%

OTCMKTS NTIOF traded down $0.81 during trading hours on Tuesday, hitting $115.67. 2,928 shares of the company traded hands, compared to its average volume of 66,795. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The business’s 50-day moving average is $109.14 and its 200-day moving average is $103.32. The stock has a market capitalization of $45.22 billion, a price-to-earnings ratio of 15.78 and a beta of 0.95. National Bank of Canada has a twelve month low of $74.21 and a twelve month high of $116.50.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings data on Wednesday, August 27th. The financial services provider reported $1.95 earnings per share (EPS) 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 the consensus estimate of $3.47 billion. National Bank of Canada had a return on equity of 16.05% and a net margin of 15.34%. Sell-side analysts anticipate that National Bank of Canada will post 7.63 earnings per share for the current year.

National Bank of Canada Cuts Dividend

The business also recently announced a dividend, which was paid on Saturday, November 1st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.8531 per share. This represents a dividend yield of 313.0%. The ex-dividend date of this dividend was Monday, September 29th. National Bank of Canada’s dividend payout ratio is 46.79%.

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.