National Bank of Canada (TSE:NA) Director Yvon Charest Buys 285 Shares

National Bank of Canada (TSE:NA) Director Yvon Charest purchased 285 shares of the stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of C$133.71 per share, with a total value of C$38,107.35.

National Bank of Canada Price Performance

TSE NA traded up C$0.30 on Tuesday, hitting C$135.50. 650,549 shares of the company’s stock were exchanged, compared to its average volume of 1,728,886. The firm has a market cap of C$46.12 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 7.14 and a beta of 1.12. The firm’s 50-day moving average price is C$129.70 and its two-hundred day moving average price is C$119.55. National Bank of Canada has a fifty-two week low of C$87.92 and a fifty-two week high of C$135.53.

National Bank of Canada (TSE:NA) last posted its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.50 by C$0.18. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. The business had revenue of C$2.98 billion for the quarter, compared to analysts’ expectations of C$2.95 billion. On average, research analysts predict that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.

National Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, September 30th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Friday, September 27th. National Bank of Canada’s dividend payout ratio is presently 42.84%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NA shares. CIBC downgraded shares of National Bank of Canada from an “outperform” rating to a “neutral” rating in a report on Friday, September 20th. Cormark boosted their price objective on National Bank of Canada from C$122.00 to C$128.00 in a research note on Thursday, August 29th. TD Securities boosted their target price on National Bank of Canada from C$129.00 to C$140.00 in a research report on Friday. Desjardins upped their price objective on National Bank of Canada from C$116.00 to C$118.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Finally, BMO Capital Markets raised their target price on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$126.36.

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.