Marie-Chantal Gingras Buys 1,750 Shares of National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) insider Marie-Chantal Gingras purchased 1,750 shares of National Bank of Canada stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average price of C$119.45 per share, for a total transaction of C$209,037.50.

Marie-Chantal Gingras also recently made the following trade(s):

• On Tuesday, December 24th, Marie-Chantal Gingras sold 600 shares of National Bank of Canada stock. The shares were sold at an average price of C$132.79, for a total transaction of C$79,674.00.

National Bank of Canada Stock Up 0.3 %

NA stock opened at C$120.41 on Friday. National Bank of Canada has a twelve month low of C$104.84 and a twelve month high of C$141.15. The firm has a market cap of C$46.95 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 7.14 and a beta of 1.12. The business’s fifty day simple moving average is C$128.77 and its two-hundred day simple moving average is C$128.95.

National Bank of Canada Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Monday, March 31st will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.79%. National Bank of Canada’s dividend payout ratio (DPR) is presently 39.03%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NA. Cibc World Mkts cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Desjardins decreased their price objective on National Bank of Canada from C$140.00 to C$136.00 and set a “hold” rating on the stock in a research report on Thursday. BMO Capital Markets lowered their price objective on National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating for the company in a research note on Thursday. Canaccord Genuity Group boosted their target price on National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Finally, CIBC lowered their price target on National Bank of Canada from C$141.00 to C$135.00 in a research report on Tuesday, February 18th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$137.20.

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.