National Bank of Canada (NTIOF) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of National Bank of Canada (OTCMKTS:NTIOF) from a hold rating to a sell rating in a research report released on Friday.

According to Zacks, “National Bank of Canada provides banking services, including retail, corporate and investment banking. It operates in three business segments, personal and commercial, wealth management, and financial markets. The personal and Commercial Banking segment offers a range of services, including credit, deposit and investment solutions and international trade services. Wealth Management provides financial advice, investment solutions, products and specialized services. Financial Markets provides corporate, public sector and institutional clients with banking and investment banking service. “

Separately, ValuEngine cut National Bank of Canada from a hold rating to a sell rating in a research note on Friday, October 12th.

OTCMKTS NTIOF traded down $0.57 during trading on Friday, hitting $45.62. The stock had a trading volume of 7,350 shares, compared to its average volume of 11,518. The stock has a market capitalization of $15.45 billion, a price-to-earnings ratio of 10.94 and a beta of 1.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 0.80. National Bank of Canada has a 12 month low of $44.70 and a 12 month high of $53.84.

National Bank of Canada (OTCMKTS:NTIOF) last released its earnings results on Wednesday, August 29th. The financial services provider reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.02. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.37 billion. National Bank of Canada had a return on equity of 18.60% and a net margin of 20.48%. On average, equities research analysts forecast that National Bank of Canada will post 4.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Monday, September 24th were paid a dividend of $0.477 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date was Friday, September 21st. National Bank of Canada’s dividend payout ratio is currently 45.56%.

About National Bank of Canada

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

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