National Bank of Canada (TSE:NA) Director Macky Tall Purchases 4,182 Shares

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

National Bank of Canada Trading Down 1.5 %

NA stock opened at C$118.63 on Tuesday. The firm has a 50-day moving average of C$128.49 and a two-hundred day moving average of C$129.09. The firm has a market capitalization of C$46.25 billion, a PE ratio of 10.52, a P/E/G ratio of 7.14 and a beta of 1.12. National Bank of Canada has a one year low of C$105.43 and a one year high of C$141.15.

National Bank of Canada Dividend Announcement

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 issued a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.84%. National Bank of Canada’s dividend payout ratio is currently 39.03%.

Analyst Ratings Changes

Several research analysts have issued reports on NA shares. Cormark lowered their price objective on shares of National Bank of Canada from C$139.00 to C$137.00 in a research report on Thursday, February 27th. Royal Bank of Canada lowered their price objective on shares of National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. TD Securities lowered their price objective 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 research report on Thursday, February 27th. UBS Group lowered their target price on shares of National Bank of Canada from C$145.00 to C$140.00 in a report on Friday. Finally, Jefferies Financial Group lowered their target price on shares of National Bank of Canada from C$149.00 to C$147.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$137.20.

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.