National Bank of Canada (TSE:NA) Director Robert Paré Buys 4,200 Shares of Stock

National Bank of Canada (TSE:NA) Director Robert Paré bought 4,200 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were bought at an average price of C$120.34 per share, for a total transaction of C$505,428.00.

National Bank of Canada Stock Down 0.4 %

TSE NA opened at C$120.01 on Friday. National Bank of Canada has a 12-month low of C$104.84 and a 12-month high of C$141.15. The company has a market capitalization of C$46.79 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. The firm’s 50 day moving average is C$129.00 and its 200-day moving average is C$128.78.

National Bank of Canada Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Monday, March 31st will be issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 3.80%. National Bank of Canada’s payout ratio is 39.03%.

Analyst Ratings Changes

Several analysts have commented on the stock. Barclays downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. CIBC dropped their target price on shares of National Bank of Canada from C$141.00 to C$135.00 in a report on Tuesday, February 18th. UBS Group dropped their target price on shares of National Bank of Canada from C$150.00 to C$145.00 in a report on Friday, February 14th. TD Securities dropped 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 report on Thursday. Finally, Cormark dropped their target price on shares of National Bank of Canada from C$139.00 to C$137.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$137.70.

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.