National Bank of Canada (OTCMKTS:NTIOF) Downgraded by Cormark to “Hold”

Cormark lowered shares of National Bank of Canada (OTCMKTS:NTIOF) from a moderate buy rating to a hold rating in a report released on Friday morning,Zacks.com reports. Cormark also issued estimates for National Bank of Canada’s Q1 2025 earnings at $1.88 EPS, FY2025 earnings at $7.48 EPS and FY2026 earnings at $8.20 EPS.

NTIOF has been the topic of several other research reports. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Barclays downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st.

National Bank of Canada Stock Up 0.4 %

Shares of NTIOF opened at $87.37 on Friday. The firm has a market cap of $34.18 billion, a P/E ratio of 11.13 and a beta of 1.07. The stock’s 50 day moving average is $90.39 and its two-hundred day moving average is $92.42. 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 has a 12 month low of $76.15 and a 12 month high of $100.08.

National Bank of Canada (OTCMKTS:NTIOF) last posted its quarterly earnings results on Wednesday, December 4th. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.05. National Bank of Canada had a return on equity of 17.21% and a net margin of 24.65%. Analysts predict that National Bank of Canada will post 7.63 earnings per share for the current fiscal year.

National Bank of Canada Increases Dividend

The company also recently declared a dividend, which was paid on Saturday, February 1st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.8104 per share. This represents a dividend yield of 3.53%. The ex-dividend date of this dividend was Monday, December 30th. This is an increase from National Bank of Canada’s previous dividend of $0.81. National Bank of Canada’s payout ratio is 41.02%.

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.