National Bank of Canada (OTCMKTS:NTIOF) Cut to “Hold” at Cormark

Cormark cut shares of National Bank of Canada (OTCMKTS:NTIOF) from a moderate buy rating to a hold rating in a report released on Friday,Zacks.com reports. Cormark also issued estimates for National Bank of Canada’s Q1 2025 earnings at $1.88 EPS, FY2025 earnings at $7.48 EPS and FY2026 earnings at $8.20 EPS.

NTIOF has been the subject of a number of other reports. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Barclays cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st.

National Bank of Canada Trading Up 0.4 %

Shares of OTCMKTS:NTIOF opened at $87.37 on Friday. National Bank of Canada has a 1 year low of $76.15 and a 1 year high of $100.08. The stock’s fifty day moving average price is $90.53 and its 200-day moving average price is $92.22. 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 has a market cap of $34.18 billion, a P/E ratio of 11.13 and a beta of 1.07.

National Bank of Canada (OTCMKTS:NTIOF) last released its earnings results on Wednesday, December 4th. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.05. National Bank of Canada had a return on equity of 17.21% and a net margin of 24.65%. Sell-side analysts expect that National Bank of Canada will post 7.63 earnings per share for the current year.

National Bank of Canada Increases Dividend

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

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.