National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 10,475,500 shares, an increase of 50.3% from the August 31st total of 6,969,900 shares. Based on an average trading volume of 114,700 shares, the short-interest ratio is currently 91.3 days.
National Bank of Canada Trading Down 1.9 %
Shares of NTIOF stock traded down $1.80 on Friday, hitting $93.61. The stock had a trading volume of 79,139 shares, compared to its average volume of 63,561. The company's 50 day moving average price is $87.94 and its 200-day moving average price is $84.26. National Bank of Canada has a 1 year low of $60.71 and a 1 year high of $95.41. 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 firm has a market capitalization of $31.86 billion, a P/E ratio of 13.36 and a beta of 1.07.
National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last released its earnings results on Wednesday, August 28th. The financial services provider reported $1.96 earnings per share for the quarter. The company had revenue of $2.18 billion during the quarter. National Bank of Canada had a return on equity of 17.29% and a net margin of 19.10%.
National Bank of Canada Increases Dividend
The business also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Monday, September 30th will be issued a $0.8081 dividend. The ex-dividend date is Friday, September 27th. This is a positive change from National Bank of Canada's previous dividend of $0.81. This represents a yield of 3.45%. National Bank of Canada's dividend payout ratio (DPR) is 45.66%.
Analysts Set New Price Targets
Separately, Cibc World Mkts lowered National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 20th.
View Our Latest Stock Report on NTIOF
About National Bank of Canada
(
Get Free Report)
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.
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