National Bank of Canada (NA) To Go Ex-Dividend on September 27th

National Bank of Canada (TSE:NA) announced a quarterly dividend on Tuesday, August 27th, RTT News reports. Shareholders of record on Monday, September 30th will be paid a dividend of 1.10 per share by the financial services provider on Friday, November 1st. This represents a $4.40 annualized dividend and a yield of 3.52%. The ex-dividend date is Friday, September 27th.

National Bank of Canada Price Performance

Shares of TSE NA traded down C$1.93 during mid-day trading on Thursday, hitting C$124.98. 746,458 shares of the company’s stock traded hands, compared to its average volume of 1,712,761. The company’s 50-day moving average is C$112.97 and its two-hundred day moving average is C$111.96. The company has a market capitalization of C$43.61 billion, a P/E ratio of 13.08, a PEG ratio of 17.04 and a beta of 1.13. National Bank of Canada has a 1 year low of C$84.27 and a 1 year high of C$127.22.

National Bank of Canada (TSE:NA) last posted its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.50 by C$0.18. The company had revenue of C$2.98 billion for the quarter, compared to analyst estimates of C$2.95 billion. National Bank of Canada had a net margin of 34.10% and a return on equity of 14.72%. Equities analysts anticipate that National Bank of Canada will post 10.5085049 EPS for the current fiscal year.

Analysts Set New Price Targets

NA has been the topic of a number of recent research reports. Canaccord Genuity Group increased their price objective on shares of National Bank of Canada from C$109.00 to C$117.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Desjardins increased their price objective on shares of National Bank of Canada from C$116.00 to C$118.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Scotiabank dropped their price objective on shares of National Bank of Canada from C$123.00 to C$120.00 in a research note on Monday, August 19th. UBS Group set a C$123.00 target price on shares of National Bank of Canada and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Finally, CIBC decreased their target price 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 research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, National Bank of Canada has a consensus rating of “Hold” and a consensus target price of C$116.42.

Insider Transactions at National Bank of Canada

In related news, Director Yvon Charest acquired 325 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were purchased at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. In related news, Senior Officer Lucie Blanchet sold 8,800 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$107.59, for a total value of C$946,792.00. Also, Director Yvon Charest bought 325 shares of National Bank of Canada stock in a transaction dated Monday, August 19th. The stock was purchased at an average price of C$117.24 per share, with a total value of C$38,103.00. Company insiders own 0.21% of the company’s stock.

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.