National Bank of Canada (TSE:NA) Director Buys C$42,050.60 in Stock

National Bank of Canada (TSE:NA) Director Yvon Charest purchased 334 shares of the stock in a transaction dated Wednesday, February 19th. The stock was purchased at an average price of C$125.90 per share, for a total transaction of C$42,050.60.

National Bank of Canada Price Performance

NA traded down C$1.06 during trading on Wednesday, reaching C$123.99. 1,315,368 shares of the company’s stock were exchanged, compared to its average volume of 1,640,194. National Bank of Canada has a 1 year low of C$102.90 and a 1 year high of C$141.15. The stock has a market capitalization of C$48.34 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. The company’s fifty day simple moving average is C$130.35 and its 200-day simple moving average is C$128.43.

National Bank of Canada Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on NA. UBS Group lowered their price target on shares of National Bank of Canada from C$150.00 to C$145.00 in a report on Friday, February 14th. Jefferies Financial Group decreased their price objective on shares of National Bank of Canada from C$153.00 to C$149.00 in a research report on Tuesday. CIBC decreased their price objective on shares of National Bank of Canada from C$141.00 to C$135.00 in a research report on Tuesday. Scotiabank increased their price objective on shares of National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday, November 25th. Finally, Cibc World Mkts raised shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average 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.