National Bank of Canada (TSE:NA) Insider Marie-Chantal Gingras Purchases 1,750 Shares of Stock

National Bank of Canada (TSE:NA) insider Marie-Chantal Gingras purchased 1,750 shares of the stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of C$119.45 per share, with a total value 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 shares were sold at an average price of C$132.79, for a total transaction of C$79,674.00.

National Bank of Canada Stock Up 0.3 %

Shares of National Bank of Canada stock opened at C$120.41 on Friday. The stock has a market cap of C$46.95 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12 month low of C$104.84 and a 12 month high of C$141.15. The business has a fifty day simple moving average of C$128.77 and a 200-day simple moving average of C$128.84.

National Bank of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Monday, March 31st will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 3.79%. National Bank of Canada’s payout ratio is 39.03%.

Wall Street Analyst Weigh In

Several analysts recently commented on NA shares. BMO Capital Markets lowered their target price on National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating on the stock in a research report on Thursday. UBS Group lowered their price target on National Bank of Canada from C$145.00 to C$140.00 in a research report on Friday. Cormark lowered their price target on National Bank of Canada from C$139.00 to C$137.00 in a research report on Thursday. Royal Bank of Canada lowered their price target on National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, Jefferies Financial Group lowered their price target on 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. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company 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.