National Bank of Canada (TSE:NA) Reaches New 52-Week High at $111.49

National Bank of Canada (TSE:NA)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$111.49 and last traded at C$111.56, with a volume of 2232570 shares traded. The stock had previously closed at C$110.45.

Analyst Upgrades and Downgrades

NA has been the topic of several recent analyst reports. Scotiabank decreased their price target on National Bank of Canada from C$119.00 to C$116.00 and set a “hold” rating on the stock in a research note on Tuesday, June 18th. TD Securities lifted their target price on shares of National Bank of Canada from C$118.00 to C$121.00 in a research note on Friday, May 10th. UBS Group set a C$123.00 target price on National Bank of Canada and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Desjardins upped their price target on shares of National Bank of Canada from C$116.00 to C$119.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Finally, Jefferies Financial Group dropped their target price on shares of National Bank of Canada from C$123.00 to C$121.00 and set a “hold” rating for the company in a research note on Thursday, June 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, National Bank of Canada presently has an average rating of “Hold” and a consensus target price of C$114.62.

National Bank of Canada Stock Performance

The company has a market cap of C$38.41 billion, a P/E ratio of 11.91, a PEG ratio of 17.04 and a beta of 1.12. The company has a fifty day moving average price of C$112.66 and a two-hundred day moving average price of C$108.64.

National Bank of Canada (TSE:NA) last issued its earnings results on Wednesday, May 29th. The financial services provider reported C$2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.43 by C$0.11. The business had revenue of C$2.84 billion during the quarter, compared to the consensus estimate of C$2.89 billion. National Bank of Canada had a net margin of 34.22% and a return on equity of 14.73%. Research analysts anticipate that National Bank of Canada will post 9.8686007 EPS for the current year.

National Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, June 24th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Monday, June 24th. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.06. This represents a $4.40 annualized dividend and a yield of 3.89%. National Bank of Canada’s dividend payout ratio (DPR) is 44.63%.

Insider Buying and Selling

In other National Bank of Canada news, Director Yvon Charest bought 324 shares of National Bank of Canada stock in a transaction dated Tuesday, May 21st. The stock was bought at an average price of C$116.20 per share, with a total value of C$37,648.80. In related news, Senior Officer Lucie Blanchet sold 8,800 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total value of C$946,792.00. Also, Director Yvon Charest acquired 324 shares of National Bank of Canada stock in a transaction on Tuesday, May 21st. The shares were purchased at an average price of C$116.20 per share, for a total transaction of C$37,648.80. 0.20% of the stock is currently owned by insiders.

About National Bank of Canada

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.