Insider Buying: National Bank of Canada (TSE:NA) Director Buys C$498,243.48 in Stock

National Bank of Canada (TSE:NA) Director Macky Tall bought 4,182 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of C$119.14 per share, for a total transaction of C$498,243.48.

National Bank of Canada Price Performance

TSE:NA opened at C$116.31 on Thursday. National Bank of Canada has a 1 year low of C$105.43 and a 1 year high of C$141.15. The business has a fifty day simple moving average of C$127.86 and a two-hundred day simple moving average of C$128.92. The company has a market capitalization of C$45.35 billion, a P/E ratio of 10.32, a P/E/G ratio of 7.14 and a beta of 1.12.

National Bank of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Monday, March 31st will be paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.92%. National Bank of Canada’s dividend payout ratio is currently 39.03%.

Analyst Ratings Changes

A number of equities analysts have issued reports on NA shares. Cormark cut their price objective on shares of National Bank of Canada from C$139.00 to C$137.00 in a report on Thursday, February 27th. TD Securities cut their price target 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 Wednesday. Desjardins decreased their price objective on shares of National Bank of Canada from C$140.00 to C$136.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Barclays downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, Scotiabank decreased their price target on National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating for the company in a research report on Thursday, February 20th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, National Bank of Canada presently has a consensus rating of “Hold” and an average price target of C$136.40.

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.