Lynn Loewen Buys 1,000 Shares of National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) Director Lynn Loewen bought 1,000 shares of the stock in a transaction dated Monday, March 17th. The shares were bought at an average cost of C$117.93 per share, with a total value of C$117,930.00.

National Bank of Canada Stock Up 0.6 %

Shares of National Bank of Canada stock opened at C$118.77 on Friday. The company has a market cap of C$46.31 billion, a P/E ratio of 10.54, a PEG ratio of 7.14 and a beta of 1.12. The firm’s 50 day moving average price is C$124.32 and its 200-day moving average price is C$128.88. National Bank of Canada has a 52-week low of C$105.43 and a 52-week high of C$141.15.

National Bank of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Monday, March 31st will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.84%. National Bank of Canada’s dividend payout ratio is presently 39.03%.

Wall Street Analyst Weigh In

NA has been the subject of a number of research analyst reports. 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 report on Thursday, February 27th. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Jefferies Financial Group dropped their price objective on National Bank of Canada from C$149.00 to C$147.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. UBS Group decreased their target price on National Bank of Canada from C$145.00 to C$140.00 in a research report on Friday, February 28th. Finally, Canaccord Genuity Group increased their price target on National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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.