National Bank of Canada (OTCMKTS:NTIOF) Lowered to Hold Rating by Barclays

Barclays downgraded shares of National Bank of Canada (OTCMKTS:NTIOF) from a strong-buy rating to a hold rating in a research report released on Thursday morning,Zacks.com reports.

Separately, Cibc World Mkts downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th.

National Bank of Canada Stock Performance

OTCMKTS:NTIOF opened at $98.56 on Thursday. The stock has a 50 day simple moving average of $95.04 and a 200 day simple moving average of $88.00. The stock has a market cap of $33.57 billion, a P/E ratio of 13.18 and a beta of 1.07. National Bank of Canada has a 1-year low of $64.93 and a 1-year high of $98.76. 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 (OTCMKTS:NTIOF) last posted its earnings results on Wednesday, August 28th. The financial services provider reported $1.96 earnings per share for the quarter. The company had revenue of $2.18 billion during the quarter. National Bank of Canada had a return on equity of 17.29% and a net margin of 19.10%. Research analysts anticipate that National Bank of Canada will post 7.53 earnings per share for the current year.

National Bank of Canada Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, September 30th were paid a dividend of $0.8081 per share. This represents a yield of 3.45%. The ex-dividend date of this dividend was Friday, September 27th. 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 43.58%.

National Bank of Canada Company Profile

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.