Yvon Charest Acquires 285 Shares of National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) Director Yvon Charest acquired 285 shares of the stock in a transaction on Tuesday, November 19th. The shares were acquired at an average price of C$133.71 per share, for a total transaction of C$38,107.35.

National Bank of Canada Stock Performance

Shares of National Bank of Canada stock opened at C$137.09 on Thursday. The stock has a market capitalization of C$46.66 billion, a P/E ratio of 13.35, a P/E/G ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 52-week low of C$87.92 and a 52-week high of C$137.22. The stock’s 50-day simple moving average is C$130.20 and its 200 day simple moving average is C$119.78.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.50 by C$0.18. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. The company had revenue of C$2.98 billion for the quarter, compared to analyst estimates of C$2.95 billion. Equities research analysts forecast that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

National Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, September 30th were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $4.40 dividend on an annualized basis and a yield of 3.21%. National Bank of Canada’s dividend payout ratio (DPR) is 42.84%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group upped their target price on shares of National Bank of Canada from C$123.00 to C$135.00 in a report on Tuesday. TD Securities raised their target price on National Bank of Canada from C$129.00 to C$140.00 in a report on Friday, November 15th. Jefferies Financial Group upped their price target on National Bank of Canada from C$119.00 to C$126.00 in a report on Thursday, August 29th. Scotiabank increased their price target on National Bank of Canada from C$120.00 to C$129.00 in a research report on Thursday, August 29th. Finally, Cibc World Mkts downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$126.36.

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.