National Bank of Canada (NTIOF) Downgraded by ValuEngine
ValuEngine cut shares of National Bank of Canada (OTCMKTS:NTIOF) from a hold rating to a sell rating in a report released on Friday morning.
Separately, Zacks Investment Research lowered National Bank of Canada from a hold rating to a sell rating in a research report on Tuesday, August 14th.
National Bank of Canada stock traded down $0.79 during mid-day trading on Friday, hitting $46.46. The company had a trading volume of 511 shares, compared to its average volume of 9,155. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.06. National Bank of Canada has a 12-month low of $45.58 and a 12-month high of $53.84. The firm has a market cap of $16.88 billion, a PE ratio of 11.14 and a beta of 1.34.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Monday, September 24th will be given a dividend of $0.477 per share. The ex-dividend date is Friday, September 21st. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.11%. National Bank of Canada’s dividend payout ratio (DPR) is 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.
Further Reading: What Does Beta Mean In Stock Selection
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.