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

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

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

National Bank of Canada Trading Up 0.2 %

National Bank of Canada stock opened at $98.56 on Thursday. The firm has a market cap of $33.57 billion, a PE ratio of 13.18 and a beta of 1.07. National Bank of Canada has a 12 month low of $64.93 and a 12 month high of $98.76. The stock’s 50 day simple moving average is $95.04 and its two-hundred day simple moving average is $87.97. 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 announced its quarterly earnings results on Wednesday, August 28th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter. The firm had revenue of $2.18 billion for the quarter. National Bank of Canada had a net margin of 19.10% and a return on equity of 17.29%. 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 firm also recently disclosed a dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, September 30th were given a $0.8081 dividend. The ex-dividend date was Friday, September 27th. This is a boost from National Bank of Canada’s previous dividend of $0.81. This represents a dividend yield of 3.45%. National Bank of Canada’s payout ratio is 43.58%.

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.