Insider Buying: National Bank of Canada (TSE:NA) Senior Officer Purchases 2,147 Shares of Stock

National Bank of Canada (TSE:NA) Senior Officer Lucie Blanchet purchased 2,147 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of C$116.28 per share, for a total transaction of C$249,653.16.

National Bank of Canada Trading Up 1.6 %

Shares of NA traded up C$1.85 on Friday, reaching C$116.96. 1,795,225 shares of the company’s stock were exchanged, compared to its average volume of 1,824,451. National Bank of Canada has a 12 month low of C$105.43 and a 12 month high of C$141.15. The stock has a market capitalization of C$45.60 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. The business has a 50 day moving average price of C$126.04 and a two-hundred day moving average price of C$128.94.

National Bank of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Monday, March 31st will be paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.90%. National Bank of Canada’s dividend payout ratio (DPR) is currently 39.03%.

Analysts Set New Price Targets

NA has been the topic of a number of recent analyst reports. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. CIBC reduced their price target on shares of National Bank of Canada from C$135.00 to C$127.00 in a research report on Wednesday, March 5th. Royal Bank of Canada lowered their price objective 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 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 for the company in a research note on Thursday, February 27th. Finally, Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, National Bank of Canada presently has a consensus rating of “Hold” and a consensus target price of C$136.40.

National Bank of Canada Company Profile

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.