National Bank of Canada (TSE:NA) – Analysts at National Bank Financial issued their Q4 2018 EPS estimates for National Bank of Canada in a note issued to investors on Monday. National Bank Financial analyst G. Dechaine anticipates that the financial services provider will post earnings per share of $1.46 for the quarter.
Several other equities research analysts have also recently issued reports on the stock. Barclays cut shares of National Bank of Canada from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, December 19th. Canaccord Genuity raised their price target on shares of National Bank of Canada from C$62.00 to C$66.00 in a research note on Wednesday, November 1st. BMO Capital Markets reaffirmed a “market perform” rating and set a C$66.00 price target on shares of National Bank of Canada in a research note on Tuesday, December 12th. CSFB raised their price target on shares of National Bank of Canada from C$61.00 to C$64.00 in a research note on Friday, January 19th. Finally, CIBC raised their price target on shares of National Bank of Canada from C$62.00 to C$68.00 in a research note on Monday, November 13th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of C$65.55.
National Bank of Canada (TSE NA) traded up C$0.85 during trading on Thursday, hitting C$63.63. 505,854 shares of the company’s stock traded hands, compared to its average volume of 929,607. National Bank of Canada has a one year low of C$51.41 and a one year high of C$65.68. The firm has a market cap of $21,460.00, a PE ratio of 11.67 and a beta of 0.88.
National Bank of Canada (TSE:NA) last issued its quarterly earnings data on Friday, December 1st. The financial services provider reported C$1.40 EPS for the quarter, beating the Zacks’ 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 firm had revenue of C$1.70 billion for the quarter, compared to analysts’ expectations of C$1.69 billion.
In other news, insider Lisa Swiderski sold 4,000 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of C$64.14, for a total transaction of C$256,560.00. Also, Director Louis Vachon sold 73,232 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of C$63.43, for a total transaction of C$4,645,105.76. Over the last quarter, insiders have sold 239,772 shares of company stock worth $15,288,811.
The business also recently disclosed 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. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Friday, December 22nd. National Bank of Canada’s dividend payout ratio is presently 42.38%.
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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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