National Bank of Canada (TSE:NA) Shares Cross Above 200 Day Moving Average of $109.49

National Bank of Canada (TSE:NA)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$109.49 and traded as high as C$113.34. National Bank of Canada shares last traded at C$113.13, with a volume of 1,103,451 shares.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NA shares. CIBC boosted their target price on National Bank of Canada from C$109.00 to C$124.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Jefferies Financial Group dropped their target price on National Bank of Canada from C$123.00 to C$121.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. Cormark boosted their target price on National Bank of Canada from C$119.00 to C$120.00 in a report on Thursday, May 30th. BMO Capital Markets dropped their target price on National Bank of Canada from C$121.00 to C$115.00 and set an “outperform” rating on the stock in a report on Tuesday, June 18th. Finally, Royal Bank of Canada boosted their target price on National Bank of Canada from C$109.00 to C$113.00 and gave the stock a “sector perform” rating in a report on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$114.62.

National Bank of Canada Price Performance

The company has a market cap of C$38.74 billion, a PE ratio of 12.00, a PEG ratio of 17.04 and a beta of 1.12. The business has a 50-day moving average of C$112.16 and a 200 day moving average of C$109.60.

National Bank of Canada (TSE:NA) last posted its quarterly earnings data on Wednesday, May 29th. The financial services provider reported C$2.54 EPS for the quarter, beating analysts’ consensus estimates of C$2.43 by C$0.11. The company had revenue of C$2.84 billion during the quarter, compared to analysts’ expectations of C$2.89 billion. National Bank of Canada had a return on equity of 14.73% and a net margin of 34.22%. On average, equities analysts predict that National Bank of Canada will post 9.8686007 EPS for the current fiscal year.

National Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, June 24th will be given a $1.10 dividend. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.06. The ex-dividend date is Monday, June 24th. This represents a $4.40 dividend on an annualized basis and a yield of 3.86%. National Bank of Canada’s dividend payout ratio is presently 44.63%.

Insiders Place Their Bets

In other National Bank of Canada news, Senior Officer Lucie Blanchet sold 8,800 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total value of C$946,792.00. In other National Bank of Canada news, Director Yvon Charest bought 324 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was purchased at an average price of C$116.20 per share, for a total transaction of C$37,648.80. Also, Senior Officer Lucie Blanchet sold 8,800 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total value of C$946,792.00. Company insiders own 0.20% of the company’s stock.

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.