National Bank of Canada (TSE:NA) to Issue $1.14 Quarterly Dividend

National Bank of Canada (TSE:NA) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Monday, March 31st will be paid a dividend of 1.14 per share by the financial services provider on Thursday, May 1st. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.73%.

National Bank of Canada Trading Down 4.2 %

Shares of NA traded down C$5.29 during mid-day trading on Wednesday, reaching C$122.15. The company’s stock had a trading volume of 1,870,920 shares, compared to its average volume of 1,622,038. The stock has a market cap of C$47.62 billion, a P/E ratio of 10.83, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 1-year low of C$102.90 and a 1-year high of C$141.15. The business has a 50-day simple moving average of C$129.47 and a two-hundred day simple moving average of C$128.79.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Cibc World Mkts cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. UBS Group decreased their target price on National Bank of Canada from C$150.00 to C$145.00 in a research report on Friday, February 14th. BMO Capital Markets increased their price objective on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. Barclays downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Finally, Royal Bank of Canada increased their price objective on National Bank of Canada from C$134.00 to C$145.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, National Bank of Canada presently has an average rating of “Hold” and a consensus target price of C$138.20.

Insider Activity at National Bank of Canada

In related news, Senior Officer Brigitte Hébert sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$132.46, for a total value of C$52,984.00. Also, Director Yvon Charest bought 334 shares of the stock in a transaction on Wednesday, February 19th. The shares were acquired at an average cost of C$125.90 per share, for a total transaction of C$42,050.60. 0.21% of the stock is currently owned by insiders.

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.