National Bank of Canada (OTCMKTS:NTIOF) Rating Lowered to “Hold” at Barclays

Barclays cut shares of National Bank of Canada (OTCMKTS:NTIOF) from a strong-buy rating to a hold rating in a research note published on Thursday,Zacks.com reports.

Separately, Cibc World Mkts downgraded 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 Price Performance

NTIOF opened at $98.56 on Thursday. The company has a market capitalization of $33.57 billion, a price-to-earnings ratio of 13.18 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 has a 12-month low of $64.93 and a 12-month high of $98.76. The business’s fifty day simple moving average is $95.04 and its 200-day simple moving average is $87.94.

National Bank of Canada (OTCMKTS:NTIOF) last announced its earnings results on Wednesday, August 28th. The financial services provider reported $1.96 earnings per share (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, equities research analysts anticipate that National Bank of Canada will post 7.53 earnings per share for the current fiscal year.

National Bank of Canada Increases Dividend

The business also recently announced a dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, September 30th were given a dividend of $0.8081 per share. This represents a yield of 3.45%. The ex-dividend date of this dividend was Friday, September 27th. This is an increase from National Bank of Canada’s previous dividend of $0.81. National Bank of Canada’s payout ratio is currently 43.58%.

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.