National Bank of Canada (TSE:NA) Releases Quarterly Earnings Results

National Bank of Canada (TSE:NA) released its quarterly earnings results on Wednesday. The financial services provider reported C$3.23 earnings per share (EPS) for the quarter, FiscalAI reports. National Bank of Canada had a net margin of 15.85% and a return on equity of 12.83%. The company had revenue of C$3.91 billion for the quarter.

National Bank of Canada Stock Down 0.5%

Shares of National Bank of Canada stock opened at C$212.40 on Wednesday. The business has a 50-day moving average price of C$196.21 and a 200 day moving average price of C$180.64. National Bank of Canada has a fifty-two week low of C$128.73 and a fifty-two week high of C$214.78. The firm has a market cap of C$82.22 billion, a P/E ratio of 20.48, a P/E/G ratio of 7.14 and a beta of 1.30.

National Bank of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, May 1st were paid a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, March 30th. National Bank of Canada’s payout ratio is 45.71%.

Analyst Ratings Changes

A number of brokerages have weighed in on NA. National Bank Financial increased their price target on National Bank of Canada from C$183.00 to C$196.00 in a research note on Thursday, March 5th. Royal Bank Of Canada dropped their price objective on shares of National Bank of Canada from C$193.00 to C$180.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 25th. Canaccord Genuity Group boosted their price objective on shares of National Bank of Canada from C$190.00 to C$200.00 and gave the company a “hold” rating in a research note on Wednesday, May 20th. Desjardins boosted their price objective on shares of National Bank of Canada from C$200.00 to C$215.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, TD lifted their price objective on National Bank of Canada from C$182.00 to C$202.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, National Bank of Canada has a consensus rating of “Hold” and a consensus price target of C$197.54.

National Bank of Canada Company Profile

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.