National Bank of Canada (OTCMKTS:NTIOF) Rating Increased to Moderate Buy at Cormark

Cormark upgraded shares of National Bank of Canada (OTCMKTS:NTIOF) from a hold rating to a moderate buy rating in a research note published on Wednesday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Cibc World Mkts raised National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th.

National Bank of Canada Stock Down 1.5 %

Shares of OTCMKTS NTIOF opened at $91.19 on Wednesday. National Bank of Canada has a 52-week low of $73.17 and a 52-week high of $100.08. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The company’s 50-day simple moving average is $94.42 and its 200-day simple moving average is $90.98. The firm has a market cap of $31.08 billion, a price-to-earnings ratio of 11.62 and a beta of 1.07.

National Bank of Canada Increases Dividend

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

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.