National Bank of Canada (OTCMKTS:NTIOF) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

National Bank of Canada (OTCMKTS:NTIOFGet Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $91.79 and traded as low as $83.48. National Bank of Canada shares last traded at $87.24, with a volume of 79,386 shares.

Analyst Ratings Changes

NTIOF has been the subject of a number of analyst reports. Barclays lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Cibc World Mkts upgraded shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, Cormark raised National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, January 15th.

Check Out Our Latest Report on National Bank of Canada

National Bank of Canada Trading Down 1.8 %

The company has a market cap of $29.74 billion, a PE ratio of 11.11 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The company has a 50 day simple moving average of $93.00 and a two-hundred day simple moving average of $91.79.

National Bank of Canada (OTCMKTS:NTIOFGet Free Report) last announced its quarterly earnings data on Wednesday, December 4th. The financial services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.05. National Bank of Canada had a net margin of 24.65% and a return on equity of 17.21%. Sell-side analysts forecast that National Bank of Canada will post 7.66 EPS for the current year.

National Bank of Canada Increases Dividend

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

About National Bank of Canada

(Get Free Report)

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.

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