National Bank of Canada (OTCMKTS:NTIOF) Reaches New 1-Year Low – Here’s What Happened

National Bank of Canada (OTCMKTS:NTIOF) shares hit a new 52-week low on Monday . The company traded as low as $74.21 and last traded at $78.28, with a volume of 37627 shares changing hands. The stock had previously closed at $79.65.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NTIOF shares. Cormark downgraded National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 21st. CIBC reiterated a “neutral” rating on shares of National Bank of Canada in a research report on Wednesday, March 5th. Cibc World Mkts lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, National Bankshares downgraded shares of National Bank of Canada from a “speculative buy” rating to an “underperform” rating in a report on Friday. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

National Bank of Canada Trading Down 1.7 %

The company has a market cap of $30.63 billion, a price-to-earnings ratio of 9.97 and a beta of 0.95. 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 business’s 50-day simple moving average is $84.83 and its 200-day simple moving average is $90.92.

National Bank of Canada Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.7975 per share. This represents a dividend yield of 3.86%. The ex-dividend date is Monday, March 31st. National Bank of Canada’s dividend payout ratio (DPR) is 39.92%.

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.