National Bank of Canada (TSE:NA) Senior Officer Lucie Blanchet Acquires 2,147 Shares

National Bank of Canada (TSE:NA) Senior Officer Lucie Blanchet bought 2,147 shares of National Bank of Canada stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of C$116.28 per share, for a total transaction of C$249,653.16.

National Bank of Canada Stock Up 1.6 %

National Bank of Canada stock opened at C$116.96 on Friday. National Bank of Canada has a 12-month low of C$105.43 and a 12-month high of C$141.15. The firm’s fifty day moving average is C$125.73 and its 200 day moving average is C$128.93. The company has a market capitalization of C$45.60 billion, a PE ratio of 10.37, a PEG ratio of 7.14 and a beta of 1.12.

National Bank of Canada Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Monday, March 31st will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.90%. National Bank of Canada’s payout ratio is 39.03%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Cibc World Mkts lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Scotiabank reduced their price objective on shares of National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 20th. BMO Capital Markets reduced their price objective on shares of National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Cormark reduced their price objective on shares of National Bank of Canada from C$139.00 to C$137.00 in a research note on Thursday, February 27th. Finally, Barclays lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$136.40.

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.