Lynn Loewen Purchases 1,000 Shares of National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) Director Lynn Loewen purchased 1,000 shares of the business’s stock in a transaction on Monday, March 17th. The stock was purchased at an average price of C$117.93 per share, for a total transaction of C$117,930.00.

National Bank of Canada Stock Down 0.1 %

Shares of TSE NA opened at C$118.01 on Friday. The company has a market capitalization of C$46.01 billion, a PE ratio of 10.47, a PEG ratio of 7.14 and a beta of 1.12. The stock’s 50 day moving average price is C$124.59 and its 200-day moving average price is C$128.89. National Bank of Canada has a twelve month low of C$105.43 and a twelve month high of C$141.15.

National Bank of Canada Announces Dividend

The firm also recently disclosed 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 3.86%. National Bank of Canada’s dividend payout ratio (DPR) is presently 39.03%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Cormark lowered their price objective on shares of National Bank of Canada from C$139.00 to C$137.00 in a report on Thursday, February 27th. BMO Capital Markets reduced their price objective on shares of National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, Jefferies Financial Group cut their price target on National Bank of Canada from C$149.00 to C$147.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, National Bank of Canada 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.