National Bank of Canada (TSE:NA) Senior Officer Brigitte Hébert Sells 400 Shares

National Bank of Canada (TSE:NA) Senior Officer Brigitte Hébert sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total transaction of C$52,984.00.

National Bank of Canada Price Performance

Shares of TSE NA opened at C$132.22 on Friday. The firm has a 50-day moving average of C$134.04 and a 200 day moving average of C$123.64. National Bank of Canada has a 1 year low of C$98.04 and a 1 year high of C$141.15. The stock has a market cap of C$45.01 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Monday, December 30th will be paid a dividend of $1.14 per share. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. The ex-dividend date is Monday, December 30th. This represents a $4.56 dividend on an annualized basis and a yield of 3.45%. National Bank of Canada’s payout ratio is presently 42.84%.

Analysts Set New Price Targets

Several research analysts have recently commented on NA shares. Barclays downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. TD Securities decreased their price target on National Bank of Canada from C$140.00 to C$138.00 in a research note on Thursday, December 5th. CIBC increased their price objective on National Bank of Canada from C$135.00 to C$141.00 in a research note on Tuesday, November 26th. Scotiabank upped their price target on National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday, November 25th. Finally, Cormark dropped their target price on shares of National Bank of Canada from C$145.00 to C$142.00 in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, National Bank of Canada currently has an average rating of “Hold” and an average price target of C$136.10.

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.