National Bank of Canada (OTCMKTS:NTIOF) Share Price Crosses Above Fifty Day Moving Average - What's Next?
National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $97.50 and traded as high as $102.80. National Bank of Canada shares last traded at $102.76, with a volume of 12,044 shares traded.
NTIOF has been the subject of several research reports. Cibc World Mkts downgraded shares of National Bank of Canada from a "hold" rating to a "strong sell" rating in a research note on Friday, April 4th. CIBC reiterated an "outperform" rating on shares of National Bank of Canada in a research note on Tuesday, May 20th. Scotiabank upgraded shares of National Bank of Canada to a "strong-buy" rating in a research note on Thursday, May 15th. Finally, National Bankshares downgraded shares of National Bank of Canada from a "speculative buy" rating to an "underperform" rating in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold".
Read Our Latest Report on NTIOF
The company has a market capitalization of $40.26 billion, a price-to-earnings ratio of 13.59 and a beta of 1.01. The stock's fifty day simple moving average is $97.50 and its two-hundred day simple moving average is $89.98. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.76 and a quick ratio of 0.76.
National Bank of Canada (OTCMKTS:NTIOF - Get Free Report) last issued its earnings results on Wednesday, May 28th. The financial services provider reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.29. The company had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $3.33 billion. National Bank of Canada had a net margin of 18.73% and a return on equity of 16.83%. On average, sell-side analysts predict that National Bank of Canada will post 7.63 earnings per share for the current fiscal year.
The company also recently declared a dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.8578 per share. The ex-dividend date is Monday, June 30th. This represents a dividend yield of 3.48%. This is a positive change from National Bank of Canada's previous dividend of $0.80. National Bank of Canada's dividend payout ratio is currently 45.77%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider National Bank of Canada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and National Bank of Canada wasn't on the list.
While National Bank of Canada currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
You may also like...
Diddy's Legal Troubles & Racketeering Trial

Music mogul Sean 'Diddy' Combs was acquitted of sex trafficking and racketeering charges but convicted on transportation...
Thomas Partey Faces Rape & Sexual Assault Charges

Former Arsenal midfielder Thomas Partey has been formally charged with multiple counts of rape and sexual assault by UK ...
Nigeria Universities Changes Admission Policies

JAMB has clarified its admission policies, rectifying a student's status, reiterating the necessity of its Central Admis...
Ghana's Economic Reforms & Gold Sector Initiatives

Ghana is undertaking a comprehensive economic overhaul with President John Dramani Mahama's 24-Hour Economy and Accelera...
WAFCON 2024 African Women's Football Tournament

The 2024 Women's Africa Cup of Nations opened with thrilling matches, seeing Nigeria's Super Falcons secure a dominant 3...
Emergence & Dynamics of Nigeria's ADC Coalition

A new opposition coalition, led by the African Democratic Congress (ADC), is emerging to challenge President Bola Ahmed ...
Demise of Olubadan of Ibadanland

Oba Owolabi Olakulehin, the 43rd Olubadan of Ibadanland, has died at 90, concluding a life of distinguished service in t...
Death of Nigerian Goalkeeping Legend Peter Rufai

Nigerian football mourns the death of legendary Super Eagles goalkeeper Peter Rufai, who passed away at 61. Known as 'Do...