National Bank of Canada (OTCMKTS:NTIOF) Hits New 12-Month High – Should You Buy?

National Bank of Canada (OTCMKTS:NTIOF)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $126.05 and last traded at $126.05, with a volume of 315 shares. The stock had previously closed at $125.35.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Raymond James Financial began coverage on shares of National Bank of Canada in a research report on Monday, November 24th. They issued a “hold” rating on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of National Bank of Canada in a report on Friday, December 5th. TD Securities reissued a “hold” rating on shares of National Bank of Canada in a report on Thursday, December 4th. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a research report on Tuesday, November 25th. Finally, CIBC reissued a “neutral” rating on shares of National Bank of Canada in a research note on Thursday, December 4th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

National Bank of Canada Stock Up 0.3%

The stock has a 50 day moving average price of $114.80 and a 200 day moving average price of $108.11. The company has a market cap of $49.20 billion, a P/E ratio of 17.43 and a beta of 0.90. 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 (OTCMKTS:NTIOF) last released its earnings results on Wednesday, December 3rd. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.13. National Bank of Canada had a return on equity of 16.16% and a net margin of 13.07%.The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $3.43 billion. Research analysts expect that National Bank of Canada will post 7.63 earnings per share for the current fiscal year.

National Bank of Canada Cuts Dividend

The business also recently disclosed a dividend, which was paid on Saturday, November 1st. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.8531 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a dividend yield of 313.0%. National Bank of Canada’s dividend payout ratio (DPR) is currently 47.58%.

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.