National Bank of Canada Announces Quarterly Dividend of $1.14 (TSE:NA)

National Bank of Canada (TSE:NA) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Monday, March 31st will be given a dividend of 1.14 per share by the financial services provider on Thursday, May 1st. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.80%.

National Bank of Canada Stock Down 0.4 %

NA stock opened at C$120.01 on Friday. The company has a fifty day simple moving average of C$129.00 and a two-hundred day simple moving average of C$128.78. National Bank of Canada has a 52 week low of C$104.84 and a 52 week high of C$141.15. The firm has a market capitalization of C$46.79 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

Analyst Upgrades and Downgrades

Several research firms recently commented on NA. UBS Group dropped their price target on National Bank of Canada from C$150.00 to C$145.00 in a research report on Friday, February 14th. BMO Capital Markets cut 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. Scotiabank dropped their price objective on shares of National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating for the company in a research note on Thursday, February 20th. Jefferies Financial Group reduced their target price on shares of 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. Finally, Royal Bank of Canada dropped their price target on shares of National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$137.70.

Insider Buying and Selling at National Bank of Canada

In other news, Director Robert Paré acquired 4,200 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of C$120.34 per share, for a total transaction of C$505,428.00. Also, Senior Officer Brigitte Hébert sold 400 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total transaction of C$52,984.00. 0.21% of the stock is owned by corporate insiders.

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.