National Bank of Canada (OTCMKTS:NTIOF) Cut to “Hold” at Cormark

Cormark cut shares of National Bank of Canada (OTCMKTS:NTIOF) from a moderate buy rating to a hold rating in a report issued on Friday morning,Zacks.com reports. Cormark also issued estimates for National Bank of Canada’s Q1 2025 earnings at $1.88 EPS, FY2025 earnings at $7.48 EPS and FY2026 earnings at $8.20 EPS.

A number of other research firms have also weighed in on NTIOF. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Barclays cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st.

National Bank of Canada Stock Performance

NTIOF stock opened at $87.37 on Friday. National Bank of Canada has a 12-month low of $76.15 and a 12-month high of $100.08. The firm has a market cap of $34.18 billion, a PE ratio of 11.13 and a beta of 1.07. The business has a 50 day moving average of $90.39 and a 200-day moving average of $92.42. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings data on Wednesday, December 4th. The financial services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.05. National Bank of Canada had a return on equity of 17.21% and a net margin of 24.65%. As a group, sell-side analysts expect that National Bank of Canada will post 7.63 earnings per share for the current year.

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 given a dividend of $0.8104 per share. This is an increase from National Bank of Canada’s previous dividend of $0.81. The ex-dividend date of this dividend was Monday, December 30th. This represents a dividend yield of 3.53%. National Bank of Canada’s payout ratio is presently 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.