National Bank of Canada (TSE:NA) Shares Pass Above 200-Day Moving Average of $0.00

National Bank of Canada (TSE:NA) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $63.85. National Bank of Canada shares last traded at $63.68, with a volume of 170,019 shares traded.

A number of brokerages have issued reports on NA. Barclays restated a “hold” rating on shares of Bank of Montreal in a report on Tuesday, June 11th. Canaccord Genuity restated a “hold” rating and set a GBX 365 ($4.77) target price on shares of Crest Nicholson in a report on Wednesday, May 15th. Desjardins raised their target price on Toronto-Dominion Bank from C$82.00 to C$83.00 in a report on Tuesday, May 14th. Finally, CSFB reduced their target price on National Bank of Canada from C$65.00 to C$64.00 in a report on Friday, May 31st.

The company has a market cap of $21.36 billion and a PE ratio of 10.55. The business has a fifty day moving average price of C$62.82.

National Bank of Canada (TSE:NA) last issued its earnings results on Thursday, May 30th. The financial services provider reported C$1.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$1.52 by C($0.01). The business had revenue of C$1.77 billion during the quarter, compared to analysts’ expectations of C$1.79 billion. On average, research analysts forecast that National Bank of Canada will post 6.5799999 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Tuesday, June 25th will be given a dividend of $0.68 per share. The ex-dividend date is Monday, June 24th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.26%. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.65. National Bank of Canada’s dividend payout ratio (DPR) is currently 41.98%.

About National Bank of Canada (TSE:NA)

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

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