Yvon Charest Acquires 334 Shares of National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) Director Yvon Charest acquired 334 shares of the stock in a transaction dated Wednesday, February 19th. The stock was bought at an average price of C$125.90 per share, for a total transaction of C$42,050.60.

National Bank of Canada Trading Down 0.4 %

NA stock opened at C$123.48 on Friday. National Bank of Canada has a 1-year low of C$102.90 and a 1-year high of C$141.15. The business’s 50 day moving average is C$130.15 and its 200-day moving average is C$128.40. The firm has a market cap of C$48.14 billion, a P/E ratio of 10.95, a P/E/G ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Monday, December 30th were given a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.69%. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Monday, December 30th. National Bank of Canada’s dividend payout ratio is 39.03%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Cibc World Mkts raised shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Cormark upgraded shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, January 15th. CIBC lowered their price target on National Bank of Canada from C$141.00 to C$135.00 in a research note on Tuesday. BMO Capital Markets upped their price target on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. Finally, Jefferies Financial Group decreased their price objective on National Bank of Canada from C$153.00 to C$149.00 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$138.20.

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.