National Bank of Canada (OTCMKTS:NTIOF) Shares Pass Above 50-Day Moving Average of $78.12

Posted by Carolyn Dwyer on Mar 29th, 2024

National Bank of Canada (OTCMKTS:NTIOF – Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $78.12 and traded as high as $84.25. National Bank of Canada shares last traded at $84.06, with a volume of 849 shares trading hands.

National Bank of Canada Price Performance

The stock has a 50 day simple moving average of $78.56 and a two-hundred day simple moving average of $71.99. The firm has a market cap of $28.71 billion, a PE ratio of 12.04 and a beta of 1.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.78 and a current ratio of 0.78.

National Bank of Canada (OTCMKTS:NTIOF – Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $1.92 earnings per share for the quarter. The business had revenue of $2.01 billion during the quarter. National Bank of Canada had a return on equity of 17.13% and a net margin of 13.64%.

National Bank of Canada Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, March 25th will be paid a $0.7841 dividend. This represents a dividend yield of 3.85%. The ex-dividend date is Friday, March 22nd. This is a positive change from National Bank of Canada’s previous dividend of $0.78. National Bank of Canada’s payout ratio is currently 21.48%.

About National Bank of Canada

(Get Free Report)

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.