National Bank of Canada (NTIOF) Projected to Post Quarterly Earnings on Wednesday

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) will likely be releasing its earnings data before the market opens on Wednesday, February 26th. Analysts expect National Bank of Canada to post earnings of $1.88 per share and revenue of $3.03 billion for the quarter.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last announced its earnings results on Wednesday, December 4th. The financial services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.84 by $0.05. National Bank of Canada had a net margin of 24.65% and a return on equity of 17.21%. On average, analysts expect National Bank of Canada to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

National Bank of Canada Trading Up 0.4 %

Shares of NTIOF traded up $0.38 during midday trading on Friday, hitting $87.37. The stock had a trading volume of 25,512 shares, compared to its average volume of 95,971. National Bank of Canada has a fifty-two week low of $76.15 and a fifty-two week high of $100.08. The business has a 50-day simple moving average of $90.53 and a two-hundred day simple moving average of $92.22. The firm has a market cap of $34.18 billion, a P/E ratio of 11.13 and a beta of 1.07. 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 Increases Dividend

The company also recently announced a dividend, which was paid on Saturday, February 1st. Shareholders of record on Tuesday, December 31st were issued a $0.8104 dividend. This represents a dividend yield of 3.53%. This is a boost from National Bank of Canada's previous dividend of $0.81. The ex-dividend date of this dividend was Monday, December 30th. National Bank of Canada's dividend payout ratio (DPR) is presently 41.02%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Cibc World Mkts cut shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Barclays cut shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 21st. Finally, Cormark upgraded shares of National Bank of Canada from a "hold" rating to a "moderate buy" rating in a report on Wednesday, January 15th.

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.