Insider Buying: National Bank of Canada (TSE:NA) Director Buys 376 Shares of Stock

National Bank of Canada (TSE:NA) Director Yvon Charest acquired 376 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was bought at an average cost of C$90.45 per share, with a total value of C$34,009.20.

National Bank of Canada Stock Down 0.3 %

National Bank of Canada stock traded down C$0.28 during mid-day trading on Monday, reaching C$91.06. 111,074 shares of the company’s stock were exchanged, compared to its average volume of 1,564,463. The company has a fifty day moving average of C$89.31 and a 200-day moving average of C$95.82. The company has a market cap of C$30.80 billion, a P/E ratio of 9.81, a P/E/G ratio of 17.04 and a beta of 1.12. National Bank of Canada has a twelve month low of C$84.27 and a twelve month high of C$104.83.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Wednesday, August 30th. The financial services provider reported C$2.21 EPS for the quarter, missing analysts’ consensus estimates of C$2.37 by C($0.16). The firm had revenue of C$2.52 billion during the quarter. National Bank of Canada had a net margin of 34.66% and a return on equity of 14.98%. Equities research analysts expect that National Bank of Canada will post 9.68676 earnings per share for the current fiscal year.

National Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Monday, September 25th were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Friday, September 22nd. National Bank of Canada’s dividend payout ratio (DPR) is 43.82%.

Wall Street Analyst Weigh In

Several research firms have commented on NA. CSFB set a C$108.00 price objective on National Bank of Canada and gave the stock an “outperform” rating in a research report on Tuesday, September 12th. Desjardins dropped their price target on shares of National Bank of Canada from C$103.00 to C$99.00 and set a “hold” rating on the stock in a research report on Monday, November 6th. CIBC decreased their price objective on shares of National Bank of Canada from C$108.00 to C$106.00 and set an “outperform” rating for the company in a research report on Tuesday, August 22nd. Cormark lowered their target price on shares of National Bank of Canada from C$109.00 to C$107.00 and set a “market perform” rating on the stock in a research note on Thursday, August 31st. Finally, Barclays upped their price target on National Bank of Canada from C$93.00 to C$96.00 and gave the stock an “underweight” rating in a report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, National Bank of Canada has an average rating of “Hold” and a consensus target price of C$104.54.

National Bank of Canada Company Profile

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