National Bank of Canada (TSE:NA) Insider Purchases C$209,037.50 in Stock

National Bank of Canada (TSE:NA) insider Marie-Chantal Gingras purchased 1,750 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were bought at an average cost of C$119.45 per share, for a total transaction of C$209,037.50.

Marie-Chantal Gingras also recently made the following trade(s):

• On Tuesday, December 24th, Marie-Chantal Gingras sold 600 shares of National Bank of Canada stock. The stock was sold at an average price of C$132.79, for a total transaction of C$79,674.00.

National Bank of Canada Price Performance

TSE:NA traded down C$0.97 during trading hours on Friday, reaching C$119.04. 1,024,824 shares of the company were exchanged, compared to its average volume of 1,663,790. The business has a 50 day moving average of C$129.00 and a 200 day moving average of C$128.78. National Bank of Canada has a 1-year low of C$104.84 and a 1-year high of C$141.15. The company has a market capitalization of C$46.41 billion, a P/E ratio of 10.56, a P/E/G ratio of 7.14 and a beta of 1.12.

National Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Monday, March 31st will be given a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.83%. National Bank of Canada’s payout ratio is currently 39.03%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NA shares. UBS Group lowered their price target on shares of National Bank of Canada from C$145.00 to C$140.00 in a research report on Friday. Cormark dropped their price target on National Bank of Canada from C$139.00 to C$137.00 in a research report on Thursday. Jefferies Financial Group cut their price objective on shares of National Bank of Canada from C$149.00 to C$147.00 and set a “buy” rating on the stock in a research report on Thursday. 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. Finally, Scotiabank reduced their price target on National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating for the company in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$137.20.

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.