National Bank of Canada (OTCMKTS:NTIOF) Announces Earnings Results, Beats Estimates By $0.18 EPS

National Bank of Canada (OTCMKTS:NTIOF) posted its quarterly earnings data on Wednesday. The financial services provider reported $2.06 EPS for the quarter, topping the consensus estimate of $1.88 by $0.18, Zacks reports. National Bank of Canada had a net margin of 24.65% and a return on equity of 17.21%.

National Bank of Canada Stock Up 1.6 %

OTCMKTS NTIOF traded up $1.39 during mid-day trading on Wednesday, reaching $88.95. The stock had a trading volume of 85,068 shares, compared to its average volume of 94,321. The stock has a market cap of $34.80 billion, a PE ratio of 11.33 and a beta of 1.07. National Bank of Canada has a 1 year low of $76.15 and a 1 year high of $100.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. The company has a fifty day moving average price of $90.19 and a 200 day moving average price of $92.49.

National Bank of Canada Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NTIOF. Cormark cut National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 21st. Barclays downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Finally, Cibc World Mkts downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th.

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.