Insider Buying: National Bank of Canada (TSE:NA) Insider Purchases 1,750 Shares of Stock

National Bank of Canada (TSE:NA) insider Marie-Chantal Gingras bought 1,750 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were bought at an average price of C$119.45 per share, for a total transaction of C$209,037.50.

Marie-Chantal Gingras also recently made the following trade(s):

• On Tuesday, December 24th, Marie-Chantal Gingras sold 600 shares of National Bank of Canada stock. The shares were sold at an average price of C$132.79, for a total value of C$79,674.00.

National Bank of Canada Price Performance

Shares of NA opened at C$120.41 on Friday. The company has a market capitalization of C$46.95 billion, a P/E 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. The business’s 50 day simple moving average is C$128.77 and its 200-day simple moving average is C$128.84.

National Bank of Canada Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NA shares. Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Jefferies Financial Group dropped their price objective on National Bank of Canada from C$149.00 to C$147.00 and set a “buy” rating on the stock in a research note on Thursday. CIBC dropped their price objective on National Bank of Canada from C$141.00 to C$135.00 in a research note on Tuesday, February 18th. Royal Bank of Canada decreased their target price on National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, Scotiabank decreased their target price on National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 20th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average 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.