National Bank of Canada (OTCMKTS:NTIOF) Shares Cross Above Fifty Day Moving Average – What’s Next?

National Bank of Canada (OTCMKTS:NTIOF) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $94.21 and traded as high as $96.18. National Bank of Canada shares last traded at $96.16, with a volume of 15,496 shares traded.

Analyst Ratings Changes

Separately, Cibc World Mkts lowered shares of 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 Stock Up 0.1 %

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 company’s 50-day simple moving average is $94.21 and its 200 day simple moving average is $87.02. The firm has a market cap of $32.75 billion, a P/E ratio of 12.86 and a beta of 1.07.

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 for the quarter. National Bank of Canada had a net margin of 19.10% and a return on equity of 17.29%. The business had revenue of $2.18 billion for the quarter. Research analysts anticipate that National Bank of Canada will post 7.6 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. Stockholders of record on Monday, September 30th were paid a $0.8081 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a dividend yield of 3.45%. This is an increase 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.