National Bank of Canada (TSE:NA) Director Purchases C$37,648.80 in Stock

National Bank of Canada (TSE:NA) Director Yvon Charest bought 324 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was purchased at an average price of C$116.20 per share, for a total transaction of C$37,648.80.

National Bank of Canada Stock Down 1.3 %

TSE:NA opened at C$113.88 on Thursday. National Bank of Canada has a 52 week low of C$84.27 and a 52 week high of C$116.81. The company has a market capitalization of C$38.70 billion, a P/E ratio of 11.99, a P/E/G ratio of 17.04 and a beta of 1.12. The stock’s fifty day moving average is C$113.05 and its two-hundred day moving average is C$104.01.

National Bank of Canada (TSE:NA) last posted its earnings results on Wednesday, February 28th. The financial services provider reported C$2.59 EPS for the quarter, beating analysts’ consensus estimates of C$2.38 by C$0.21. National Bank of Canada had a return on equity of 14.73% and a net margin of 34.22%. The company had revenue of C$2.71 billion for the quarter, compared to the consensus estimate of C$2.72 billion. Sell-side analysts anticipate that National Bank of Canada will post 9.8686007 earnings per share for the current fiscal year.

National Bank of Canada Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, March 25th were given a $1.06 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $4.24 dividend on an annualized basis and a yield of 3.72%. National Bank of Canada’s dividend payout ratio is currently 44.63%.

Analyst Ratings Changes

Several research firms have recently weighed in on NA. Canaccord Genuity Group raised their target price on National Bank of Canada from C$107.00 to C$108.00 and gave the company a “hold” rating in a research report on Thursday, February 29th. Royal Bank of Canada lifted their price objective on National Bank of Canada from C$105.00 to C$109.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 29th. TD Securities lifted their price objective on National Bank of Canada from C$118.00 to C$121.00 in a research report on Friday, May 10th. Jefferies Financial Group lifted their price objective on National Bank of Canada from C$113.00 to C$121.00 in a research report on Monday, May 13th. Finally, BMO Capital Markets lifted their price objective on National Bank of Canada from C$109.00 to C$121.00 in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$110.50.

National Bank of Canada Company Profile

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.