National Bank of Canada (TSE:NA) Director Yvon Charest Buys 325 Shares

National Bank of Canada (TSE:NA) Director Yvon Charest purchased 325 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was purchased at an average price of C$117.24 per share, for a total transaction of C$38,103.00.

Yvon Charest also recently made the following trade(s):

• On Tuesday, May 21st, Yvon Charest bought 324 shares of National Bank of Canada stock. The stock was purchased at an average price of C$116.20 per share, for a total transaction of C$37,648.80.

National Bank of Canada Trading Up 0.6 %

NA opened at C$118.46 on Thursday. National Bank of Canada has a 1-year low of C$84.27 and a 1-year high of C$118.83. The company has a market cap of C$41.34 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 17.04 and a beta of 1.13. The company’s fifty day moving average price is C$111.94 and its two-hundred day moving average price is C$111.39.

National Bank of Canada (TSE:NA) last posted its earnings results on Wednesday, May 29th. The financial services provider reported C$2.54 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.43 by C$0.11. The company had revenue of C$2.84 billion for the quarter, compared to analyst estimates of C$2.89 billion. National Bank of Canada had a net margin of 34.10% and a return on equity of 14.72%. As a group, equities analysts forecast that National Bank of Canada will post 10.5085049 earnings per share for the current fiscal year.

National Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Monday, June 24th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Monday, June 24th. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.06. National Bank of Canada’s dividend payout ratio (DPR) is currently 45.36%.

Analyst Ratings Changes

Several research analysts have recently weighed in on NA shares. Royal Bank of Canada lifted their price objective on National Bank of Canada from C$109.00 to C$113.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 30th. Desjardins lifted their target price on National Bank of Canada from C$116.00 to C$118.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Canaccord Genuity Group increased their price target on National Bank of Canada from C$109.00 to C$117.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. UBS Group set a C$123.00 price objective on shares of National Bank of Canada and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Finally, CIBC reduced their price target on shares of National Bank of Canada from C$124.00 to C$122.00 and set an “outperform” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$116.42.

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.