National Bank of Canada (TSE:NA) Hits New 1-Year High at $116.11

National Bank of Canada (TSE:NA)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$116.11 and last traded at C$120.44, with a volume of 266854 shares changing hands. The stock had previously closed at C$120.63.

Analyst Upgrades and Downgrades

NA has been the subject of a number of recent research reports. CIBC decreased their price target on shares of National Bank of Canada from C$124.00 to C$122.00 and set an “outperform” rating for the company in a research note on Tuesday, August 20th. UBS Group set a C$123.00 target price on shares of National Bank of Canada and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Canaccord Genuity Group boosted their price target on National Bank of Canada from C$109.00 to C$117.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Desjardins increased their price objective on National Bank of Canada from C$116.00 to C$118.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Finally, Cormark lifted their target price on National Bank of Canada from C$121.00 to C$122.00 and gave the company a “market perform” rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$116.42.

National Bank of Canada Stock Down 0.6 %

The stock has a fifty day moving average of C$112.72 and a two-hundred day moving average of C$111.83. The stock has a market cap of C$41.84 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 17.04 and a beta of 1.13.

National Bank of Canada (TSE:NA) last issued its earnings results on Wednesday, May 29th. The financial services provider reported C$2.54 EPS for the quarter, topping the consensus estimate of C$2.43 by C$0.11. The company had revenue of C$2.84 billion for the quarter, compared to analyst estimates of C$2.89 billion. National Bank of Canada had a net margin of 34.10% and a return on equity of 14.72%. On average, research analysts expect that National Bank of Canada will post 10.5085049 EPS for the current year.

National Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Monday, June 24th were issued a $1.10 dividend. The ex-dividend date was Monday, June 24th. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.06. This represents a $4.40 dividend on an annualized basis and a yield of 3.67%. National Bank of Canada’s dividend payout ratio (DPR) is 45.36%.

Insider Activity

In other news, Director Yvon Charest bought 325 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were bought at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. In other news, Senior Officer Lucie Blanchet sold 8,800 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of C$107.59, for a total transaction of C$946,792.00. Also, Director Yvon Charest acquired 325 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average price of C$117.24 per share, with a total value of C$38,103.00. Insiders own 0.21% of the company’s stock.

About National Bank of Canada

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.