National Bank of Canada (TSE:NA) Insider Purchases C$209,037.50 in Stock

National Bank of Canada (TSE:NA) insider Marie-Chantal Gingras purchased 1,750 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of C$119.45 per share, with a total value 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 transaction of C$79,674.00.

National Bank of Canada Stock Down 0.8 %

National Bank of Canada stock traded down C$0.97 during mid-day trading on Friday, hitting C$119.04. 1,024,824 shares of the company were exchanged, compared to its average volume of 1,663,790. The company has a market capitalization of C$46.41 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. The business has a fifty day moving average of C$129.00 and a 200 day moving average of C$128.78. National Bank of Canada has a 1-year low of C$104.84 and a 1-year high of C$141.15.

National Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Monday, March 31st will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.83%. National Bank of Canada’s dividend payout ratio is currently 39.03%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Scotiabank cut their price target on shares of National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating on the stock in a report on Thursday, February 20th. BMO Capital Markets lowered their price target 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. UBS Group cut their price objective on National Bank of Canada from C$145.00 to C$140.00 in a research report on Friday. Canaccord Genuity Group raised their target price on National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Finally, Royal Bank of Canada reduced their price objective on National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, National Bank of Canada has an average rating of “Hold” and a consensus 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.