Yvon Charest Buys 334 Shares of National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) Director Yvon Charest acquired 334 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average cost of C$125.90 per share, for a total transaction of C$42,050.60.

National Bank of Canada Stock Performance

Shares of NA stock opened at C$123.48 on Friday. The stock’s 50 day simple moving average is C$130.15 and its 200 day simple moving average is C$128.40. National Bank of Canada has a twelve month low of C$102.90 and a twelve month high of C$141.15. The company has a market capitalization of C$48.14 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Stockholders of record on Monday, December 30th were given a $1.14 dividend. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Monday, December 30th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.69%. National Bank of Canada’s dividend payout ratio (DPR) is currently 39.03%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. CIBC decreased their target price on shares of National Bank of Canada from C$141.00 to C$135.00 in a research note on Tuesday. TD Securities reduced their price objective on National Bank of Canada from C$140.00 to C$138.00 in a research report on Thursday, December 5th. Jefferies Financial Group dropped their target price on National Bank of Canada from C$153.00 to C$149.00 in a research report on Tuesday. Scotiabank cut their price target on National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating for the company in a research note on Thursday. Finally, Cormark raised National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$138.20.

National Bank of Canada Company Profile

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.