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

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

National Bank of Canada Stock Up 0.2 %

Shares of NA opened at C$118.07 on Thursday. National Bank of Canada has a 12 month low of C$105.43 and a 12 month high of C$141.15. The company’s fifty day moving average is C$124.89 and its 200-day moving average is C$128.91. The firm has a market cap of C$46.03 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders 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 is currently 39.03%.

Analysts Set New Price Targets

NA has been the topic of a number of research reports. BMO Capital Markets dropped their target price on shares of National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. UBS Group dropped their target price on shares of National Bank of Canada from C$145.00 to C$140.00 in a report on Friday, February 28th. Cormark dropped their target price on shares of National Bank of Canada from C$139.00 to C$137.00 in a report on Thursday, February 27th. Desjardins dropped their target price 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. Finally, Jefferies Financial Group dropped 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 report on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, National Bank of Canada presently has a consensus rating of “Hold” and an average target price of C$136.40.

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.