National Bank of Canada (OTCMKTS:NTIOF) Reaches New 52-Week High – Should You Buy?

National Bank of Canada (OTCMKTS:NTIOF)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $96.84 and last traded at $96.77, with a volume of 2834 shares changing hands. The stock had previously closed at $96.28.

Wall Street Analysts Forecast Growth

Separately, Cibc World Mkts lowered 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 0.5 %

The firm has a market capitalization of $32.95 billion, a price-to-earnings ratio of 12.56 and a beta of 1.07. 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 firm’s 50-day moving average price is $94.65 and its 200 day moving average price is $87.59.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings results on Wednesday, August 28th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter. The company had revenue of $2.18 billion during the quarter. National Bank of Canada had a net margin of 19.10% and a return on equity of 17.29%. Sell-side analysts expect that National Bank of Canada will post 7.6 EPS for the current year.

National Bank of Canada Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, November 1st. Investors 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 yield of 3.45%. This is a boost from National Bank of Canada’s previous dividend of $0.81. National Bank of Canada’s payout ratio is presently 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.