National Bank of Canada (OTCMKTS:NTIOF) Reaches New 52-Week High – Should You Buy?

National Bank of Canada (OTCMKTS:NTIOF) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $96.01 and last traded at $95.99, with a volume of 780 shares changing hands. The stock had previously closed at $95.03.

Analyst Upgrades and Downgrades

Separately, Cibc World Mkts lowered 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 Down 0.4 %

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 has a market cap of $32.38 billion, a price-to-earnings ratio of 13.32 and a beta of 1.07. The business has a 50 day moving average of $91.62 and a 200 day moving average of $85.44.

National Bank of Canada (OTCMKTS:NTIOF) last posted its quarterly earnings data on Wednesday, August 28th. The financial services provider reported $1.96 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%. On average, research analysts forecast that National Bank of Canada will post 7.67 earnings per share for the current fiscal year.

National Bank of Canada Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 1st. Shareholders of record on Monday, September 30th will be paid a $0.8081 dividend. This represents a yield of 3.45%. This is a positive change from National Bank of Canada’s previous dividend of $0.81. The ex-dividend date of this dividend is Friday, September 27th. National Bank of Canada’s dividend payout ratio (DPR) is presently 45.66%.

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.