National Bank of Canada (TSE:NA) Director Purchases C$117,930.00 in Stock

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

National Bank of Canada Trading Down 0.1 %

National Bank of Canada stock opened at C$118.01 on Friday. The firm’s 50 day simple moving average is C$124.59 and its 200 day simple moving average is C$128.89. National Bank of Canada has a 1-year low of C$105.43 and a 1-year high of C$141.15. The firm has a market capitalization of C$46.01 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada Announces Dividend

The firm 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 $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.86%. National Bank of Canada’s dividend payout ratio (DPR) is presently 39.03%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Royal Bank of Canada decreased their price objective on National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Desjardins dropped their price objective on shares of National Bank of Canada from C$140.00 to C$136.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Jefferies Financial Group cut their target price on shares of National Bank of Canada from C$149.00 to C$147.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, TD Securities lowered their price target on shares of National Bank of Canada from C$135.00 to C$131.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, National Bank of Canada has a consensus rating of “Hold” and a consensus price target 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.