National Bank of Canada (OTCMKTS:NTIOF) Cut 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 released on Thursday morning,Zacks.com reports.

Separately, Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th.

National Bank of Canada Stock Up 0.2 %

National Bank of Canada stock opened at $98.56 on Thursday. The business has a fifty day moving average price of $95.04 and a 200-day moving average price of $87.97. National Bank of Canada has a 1-year low of $64.93 and a 1-year high of $98.76. The stock 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 debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings results on Wednesday, August 28th. The financial services provider reported $1.96 earnings per share 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%. Equities research analysts forecast that National Bank of Canada will post 7.53 EPS for the current fiscal 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 given a $0.8081 dividend. The ex-dividend date was Friday, September 27th. This represents a yield of 3.45%. This is a positive change from National Bank of Canada’s previous dividend of $0.81. National Bank of Canada’s dividend 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.