National Bank of Canada (TSE:NA) Senior Officer Purchases C$249,653.16 in Stock

National Bank of Canada (TSE:NA) Senior Officer Lucie Blanchet bought 2,147 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of C$116.28 per share, with a total value of C$249,653.16.

National Bank of Canada Trading Up 1.6 %

Shares of TSE NA traded up C$1.85 during mid-day trading on Friday, hitting C$116.96. The company had a trading volume of 1,795,225 shares, compared to its average volume of 1,824,451. The firm has a 50-day simple moving average of C$126.04 and a two-hundred day simple moving average of C$128.94. The company has a market capitalization of C$45.60 billion, a PE ratio of 10.37, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a one year low of C$105.43 and a one year high of C$141.15.

National Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Monday, March 31st will be paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.90%. National Bank of Canada’s dividend payout ratio is 39.03%.

Analyst Ratings Changes

Several equities analysts recently issued reports on NA shares. BMO Capital Markets decreased their price objective on National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada lowered their price objective on shares of National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Desjardins cut their price objective on shares of National Bank of Canada from C$140.00 to C$136.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Jefferies Financial Group lowered their target price on National Bank of Canada from C$149.00 to C$147.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Scotiabank dropped their price target on National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 20th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$136.40.

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.