National Bank of Canada (OTCMKTS:NTIOF) Releases Earnings Results, Beats Estimates By $0.28 EPS

National Bank of Canada (OTCMKTS:NTIOF) announced its quarterly earnings data on Wednesday. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.28, Zacks reports. National Bank of Canada had a net margin of 15.34% and a return on equity of 16.05%.

National Bank of Canada Stock Performance

Shares of OTCMKTS NTIOF opened at $122.63 on Wednesday. National Bank of Canada has a 1 year low of $74.21 and a 1 year high of $122.63. The firm has a market cap of $47.94 billion, a P/E ratio of 16.73 and a beta of 0.90. The stock has a fifty day moving average price of $111.80 and a two-hundred day moving average price of $106.21. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

National Bank of Canada Cuts Dividend

The company also recently announced a dividend, which was paid on Saturday, November 1st. Shareholders of record on Tuesday, September 30th were given a $0.8531 dividend. This represents a yield of 313.0%. The ex-dividend date was Monday, September 29th. National Bank of Canada’s dividend payout ratio is 46.79%.

Wall Street Analyst Weigh In

NTIOF has been the subject of several recent research reports. Zacks Research raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Raymond James Financial started coverage on National Bank of Canada in a research note on Monday, November 24th. They set a “hold” rating for the company. Desjardins upgraded National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. National Bankshares upgraded shares of National Bank of Canada from an “underperform” rating to a “buy” rating in a research report on Tuesday, November 11th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of National Bank of Canada in a research report on Thursday, August 28th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, National Bank of Canada presently has an average rating of “Hold”.

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.