National Bank of Canada (OTCMKTS:NTIOF) Announces Quarterly Earnings Results

National Bank of Canada (OTCMKTS:NTIOF) issued its quarterly earnings results on Wednesday. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.18, Zacks reports. National Bank of Canada had a net margin of 24.65% and a return on equity of 17.21%.

National Bank of Canada Stock Up 1.6 %

Shares of NTIOF traded up $1.39 during mid-day trading on Wednesday, hitting $88.95. 85,068 shares of the company’s stock were exchanged, compared to its average volume of 94,321. The stock’s 50-day moving average is $90.19 and its 200-day moving average is $92.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. National Bank of Canada has a fifty-two week low of $76.15 and a fifty-two week high of $100.08. The company has a market cap of $34.80 billion, a price-to-earnings ratio of 11.33 and a beta of 1.07.

National Bank of Canada Increases Dividend

The business also recently disclosed a dividend, which was paid on Saturday, February 1st. Stockholders of record on Tuesday, December 31st were issued a $0.8104 dividend. This is a positive change from National Bank of Canada’s previous dividend of $0.81. This represents a dividend yield of 3.53%. The ex-dividend date of this dividend was Monday, December 30th. National Bank of Canada’s dividend payout ratio is currently 41.02%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Cormark downgraded National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 21st. Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th.

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.