National Bank of Canada (TSE:NA) Director Buys C$505,428.00 in Stock

National Bank of Canada (TSE:NA) Director Robert Paré acquired 4,200 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was acquired at an average cost of C$120.34 per share, for a total transaction of C$505,428.00.

National Bank of Canada Stock Performance

Shares of National Bank of Canada stock opened at C$120.41 on Friday. The business’s 50 day moving average price is C$128.77 and its 200 day moving average price is C$128.84. The company has a market cap of C$46.95 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a one year low of C$104.84 and a one year high of C$141.15.

National Bank of Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Monday, March 31st will be paid a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.79%. National Bank of Canada’s dividend payout ratio (DPR) is 39.03%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NA. Canaccord Genuity Group raised their price objective on National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Cormark dropped their price objective on National Bank of Canada from C$139.00 to C$137.00 in a report on Thursday. CIBC decreased their target price on National Bank of Canada from C$141.00 to C$135.00 in a research report on Tuesday, February 18th. Cibc World Mkts downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, BMO Capital Markets decreased 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. Nine investment 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, National Bank of Canada presently has a consensus rating of “Hold” and an average price target of C$137.20.

About National Bank of Canada

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.