Yvon Charest Buys 334 Shares of National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) Director Yvon Charest acquired 334 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were purchased at an average price of C$125.90 per share, with a total value of C$42,050.60.

National Bank of Canada Stock Down 0.8 %

Shares of TSE NA opened at C$123.99 on Thursday. The business’s 50 day moving average price is C$130.35 and its two-hundred day moving average price is C$128.43. The company has a market cap of C$48.34 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a twelve month low of C$102.90 and a twelve month high of C$141.15.

National Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Investors of record on Monday, December 30th were paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date was Monday, December 30th. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. National Bank of Canada’s dividend payout ratio is 39.03%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NA. Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Cibc World Mkts upgraded shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. UBS Group lowered their price target on shares of National Bank of Canada from C$150.00 to C$145.00 in a research note on Friday, February 14th. CIBC reduced their price objective on shares of National Bank of Canada from C$141.00 to C$135.00 in a research note on Tuesday. Finally, BMO Capital Markets raised their price objective on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$141.10.

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.