National Bank of Canada (TSE:NA) Director Yvon Charest Purchases 334 Shares

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

National Bank of Canada Price Performance

TSE NA opened at C$123.99 on Thursday. The stock’s 50-day moving average is C$130.35 and its 200-day moving average is C$128.43. National Bank of Canada has a one year low of C$102.90 and a one year high of C$141.15. The firm has a market cap of C$48.34 billion, a P/E ratio of 11.00, 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 paid a $1.14 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $4.56 dividend on an annualized basis and a yield of 3.68%. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.10. National Bank of Canada’s payout ratio is presently 39.03%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. CIBC dropped their target price on shares of National Bank of Canada from C$141.00 to C$135.00 in a research note on Tuesday. Jefferies Financial Group dropped their price objective on shares of National Bank of Canada from C$153.00 to C$149.00 in a research report on Tuesday. Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. BMO Capital Markets lifted their target price on National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Finally, UBS Group cut their price target on National Bank of Canada from C$150.00 to C$145.00 in a research note on Friday, February 14th. One 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 issued a strong 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 price target of C$141.10.

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.