National Bank of Canada (OTCMKTS:NTIOF) Stock Rating Lowered by Barclays

Barclays lowered shares of National Bank of Canada (OTCMKTS:NTIOF - Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday,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 research report on Friday, September 20th.

National Bank of Canada Trading Up 0.2 %

OTCMKTS:NTIOF traded up $0.23 during mid-day trading on Thursday, hitting $98.56. The company had a trading volume of 19,120 shares, compared to its average volume of 34,063. National Bank of Canada has a fifty-two week low of $64.93 and a fifty-two week high of $98.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $33.57 billion, a P/E ratio of 13.18 and a beta of 1.07. The business's fifty day moving average is $95.04 and its two-hundred day moving average is $87.94.

National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter. The firm had revenue of $2.18 billion during the quarter. National Bank of Canada had a net margin of 19.10% and a return on equity of 17.29%. As a group, research analysts expect that National Bank of Canada will post 7.53 earnings per share for the current year.

National Bank of Canada Increases Dividend

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