Paradigm Capital Management Inc. NY Takes $311,000 Position in National Bank of Canada $NTIOF

Paradigm Capital Management Inc. NY acquired a new stake in National Bank of Canada (OTCMKTS:NTIOF) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,000 shares of the financial services provider’s stock, valued at approximately $311,000.

National Bank of Canada Price Performance

National Bank of Canada stock opened at $156.40 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $60.04 billion, a P/E ratio of 19.12, a PEG ratio of 1.44 and a beta of 0.87. The business has a 50-day moving average of $160.44 and a 200-day moving average of $147.25. National Bank of Canada has a 1 year low of $103.35 and a 1 year high of $171.47.

National Bank of Canada (OTCMKTS:NTIOF) last released its quarterly earnings data on Wednesday, May 27th. The financial services provider reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.07. National Bank of Canada had a net margin of 14.49% and a return on equity of 15.99%. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.81 billion. On average, equities analysts anticipate that National Bank of Canada will post 9.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Scotiabank reissued an “outperform” rating on shares of National Bank of Canada in a report on Tuesday, June 16th. Zacks Research cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Canadian Imperial Bank of Commerce upgraded National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Desjardins cut National Bank of Canada from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, National Bank Financial upgraded National Bank of Canada from a “hold” rating to an “outperform” rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, National Bank of Canada presently has a consensus rating of “Moderate Buy”.

About National Bank of Canada

National Bank of Canada (OTCMKTS: NTIOF) is a full?service Canadian financial institution headquartered in Montreal, Quebec. The bank offers a broad range of products and services for personal, commercial and institutional clients, including deposit accounts, mortgages and consumer lending, small? and medium?sized business banking, corporate lending, and cash management solutions.

In addition to traditional banking, National Bank provides wealth management and brokerage services through its private banking and advisory channels, and operates an investment banking and capital markets platform that delivers underwriting, advisory, trading and research services.