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

Barclays downgraded shares of National Bank of Canada (OTCMKTS:NTIOF) from a strong-buy rating to a hold rating in a report published 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

Shares of OTCMKTS NTIOF opened at $98.56 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm’s 50-day moving average price is $95.04 and its 200-day moving average price is $87.94. National Bank of Canada has a 52-week low of $64.93 and a 52-week high of $98.76. The company has a market cap of $33.57 billion, a PE ratio of 13.18 and a beta of 1.07.

National Bank of Canada (OTCMKTS:NTIOF) last announced its earnings results on Wednesday, August 28th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter. The business had revenue of $2.18 billion for the quarter. National Bank of Canada had a return on equity of 17.29% and a net margin of 19.10%. As a group, analysts anticipate that National Bank of Canada will post 7.53 EPS for the current year.

National Bank of Canada Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, November 1st. Investors of record on Monday, September 30th were issued a $0.8081 dividend. This is an increase from National Bank of Canada’s previous dividend of $0.81. The ex-dividend date was Friday, September 27th. This represents a dividend yield of 3.45%. National Bank of Canada’s dividend payout ratio (DPR) is presently 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.