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.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings data on Wednesday, August 29th. The financial services provider reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.02. National Bank of Canada had a return on equity of 18.60% and a net margin of 20.48%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.37 billion. On average, equities research analysts forecast that National Bank of Canada will post 4.6 EPS for the current year.

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

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