National Bank of Canada (TSE:NA) Declares $1.10 Quarterly Dividend

National Bank of Canada (TSE:NA) announced a quarterly dividend on Tuesday, August 27th, RTT News reports. Investors of record on Monday, September 30th will be given a dividend of 1.10 per share by the financial services provider on Friday, November 1st. This represents a $4.40 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Friday, September 27th.

National Bank of Canada Trading Down 1.5 %

NA stock traded down C$1.93 during trading on Thursday, hitting C$124.98. The company had a trading volume of 746,458 shares, compared to its average volume of 1,712,761. National Bank of Canada has a fifty-two week low of C$84.27 and a fifty-two week high of C$127.22. The firm has a market capitalization of C$43.61 billion, a price-to-earnings ratio of 13.08, a P/E/G ratio of 17.04 and a beta of 1.13. The business has a 50 day moving average of C$112.97 and a 200 day moving average of C$111.96.

National Bank of Canada (TSE:NA) last issued its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.50 by C$0.18. National Bank of Canada had a net margin of 34.10% and a return on equity of 14.72%. The company had revenue of C$2.98 billion during the quarter, compared to the consensus estimate of C$2.95 billion. As a group, equities analysts predict that National Bank of Canada will post 10.5085049 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NA shares. UBS Group set a C$123.00 price objective on shares of National Bank of Canada and gave the company a “buy” rating in a research note on Tuesday, July 2nd. CIBC decreased their target price on National Bank of Canada from C$124.00 to C$122.00 and set an “outperform” rating for the company in a research report on Tuesday, August 20th. Cormark raised their target price on National Bank of Canada from C$121.00 to C$122.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 20th. Scotiabank lowered their target price on National Bank of Canada from C$123.00 to C$120.00 in a research note on Monday, August 19th. Finally, Desjardins boosted their target price 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$116.42.

Insider Activity at National Bank of Canada

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

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.