NA has been the topic of several other reports. Canaccord Genuity increased their price target on shares of National Bank of Canada from C$62.00 to C$66.00 in a report on Wednesday, November 1st. CIBC increased their price target on shares of National Bank of Canada from C$62.00 to C$68.00 in a report on Monday, November 13th. Barclays cut shares of National Bank of Canada from an overweight rating to an equal weight rating in a report on Tuesday, December 19th. CSFB increased their price target on shares of National Bank of Canada from C$61.00 to C$64.00 in a report on Friday, January 19th. Finally, Desjardins increased their price target on shares of National Bank of Canada from C$62.00 to C$64.00 in a report on Monday, December 4th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of C$65.55.
Shares of National Bank of Canada (NA) opened at C$61.72 on Wednesday. National Bank of Canada has a one year low of C$51.41 and a one year high of C$65.68. The stock has a market cap of $21,100.00, a PE ratio of 11.47 and a beta of 0.88.
National Bank of Canada (TSE:NA) last issued its earnings results on Friday, December 1st. The financial services provider reported C$1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.38 by C$0.02. National Bank of Canada had a net margin of 30.81% and a return on equity of 18.09%. The business had revenue of C$1.70 billion during the quarter, compared to the consensus estimate of C$1.69 billion.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, December 27th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, December 22nd. This is a boost from National Bank of Canada’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a dividend yield of 3.89%. National Bank of Canada’s dividend payout ratio (DPR) is currently 42.38%.
In other news, Director Louis Vachon sold 73,232 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of C$63.43, for a total transaction of C$4,645,105.76. Also, insider Ricardo Pascoe sold 48,340 shares of National Bank of Canada stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of C$63.25, for a total transaction of C$3,057,505.00. Insiders have sold 239,772 shares of company stock worth $15,288,811 over the last ninety days.
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National Bank of Canada Company Profile
National Bank of Canada (the Bank) is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large corporations in its domestic market and also offers specialized services internationally. The Bank’s segments are Personal and Commercial, which includes the banking, financing and investing services offered to individuals and businesses, as well as insurance operations; Wealth Management, which consists of investment solutions, trust services, banking services, lending services and other wealth management solutions offered through internal and third-party distribution networks; Financial Markets, which includes banking services, investment banking services and financial solutions for institutional clients, and Other, which includes treasury operations, including the Bank’s asset and liability management, liquidity management and funding operations; certain non-recurring items, and the unallocated portion of corporate units.
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