National Bank of Canada (TSE:NA) Director Acquires C$117,930.00 in Stock

National Bank of Canada (TSE:NA) Director Lynn Loewen bought 1,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average price of C$117.93 per share, for a total transaction of C$117,930.00.

National Bank of Canada Price Performance

Shares of TSE NA opened at C$118.77 on Friday. National Bank of Canada has a 1-year low of C$105.43 and a 1-year high of C$141.15. The business’s 50 day moving average is C$124.32 and its two-hundred day moving average is C$128.88. The stock has a market capitalization of C$46.31 billion, a P/E ratio of 10.54, a PEG ratio of 7.14 and a beta of 1.12.

National Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Monday, March 31st will be given a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.84%. National Bank of Canada’s dividend payout ratio is presently 39.03%.

Analyst Ratings Changes

NA has been the subject of a number of recent research reports. UBS Group cut their price objective on National Bank of Canada from C$145.00 to C$140.00 in a research note on Friday, February 28th. Desjardins reduced their price objective on shares of National Bank of Canada from C$140.00 to C$136.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. TD Securities lowered their target price on shares of National Bank of Canada from C$135.00 to C$131.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, Cormark dropped their price objective on National Bank of Canada from C$139.00 to C$137.00 in a research note on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.