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

National Bank of Canada (OTCMKTS:NTIOF) posted 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 Price Performance

NTIOF opened at $122.63 on Wednesday. The company has a market capitalization of $47.94 billion, a P/E ratio of 16.73 and a beta of 0.90. The company has a 50-day moving average of $111.80 and a 200-day moving average 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 has a 1-year low of $74.21 and a 1-year high of $122.63.

National Bank of Canada Cuts Dividend

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

Wall Street Analysts Forecast Growth

NTIOF has been the topic of several research analyst reports. National Bankshares raised shares of National Bank of Canada from an “underperform” rating to a “buy” rating in a research report on Tuesday, November 11th. Desjardins raised shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, November 11th. Zacks Research upgraded National Bank of Canada from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a research report on Thursday, August 28th. Finally, Scotiabank restated an “outperform” rating on shares of National Bank of Canada in a research note on Tuesday, November 25th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.