National Bank of Canada (OTCMKTS:NTIOF) Posts Earnings Results, Beats Expectations By $0.18 EPS

National Bank of Canada (OTCMKTS:NTIOF) issued its quarterly earnings data on Wednesday. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.18, Zacks reports. National Bank of Canada had a return on equity of 17.21% and a net margin of 24.65%.

National Bank of Canada Stock Up 1.6 %

NTIOF stock traded up $1.39 on Wednesday, hitting $88.95. 85,068 shares of the company’s stock were exchanged, compared to its average volume of 94,321. The firm has a 50 day moving average price of $90.19 and a two-hundred day moving average price of $92.49. National Bank of Canada has a 12-month low of $76.15 and a 12-month high of $100.08. The stock has a market cap of $34.80 billion, a P/E ratio of 11.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76.

National Bank of Canada Increases Dividend

The firm also recently disclosed a dividend, which was paid on Saturday, February 1st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.8104 per share. This represents a dividend yield of 3.53%. The ex-dividend date was Monday, December 30th. This is a positive change from National Bank of Canada’s previous dividend of $0.81. National Bank of Canada’s dividend payout ratio is currently 41.02%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NTIOF shares. Cormark lowered National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 21st. Cibc World Mkts downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st.

National Bank of Canada Company Profile

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.