Insider Buying: National Bank of Canada (TSE:NA) Senior Officer Purchases C$249,653.16 in Stock

National Bank of Canada (TSE:NA) Senior Officer Lucie Blanchet bought 2,147 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of C$116.28 per share, for a total transaction of C$249,653.16.

National Bank of Canada Stock Up 1.6 %

NA stock opened at C$116.96 on Monday. The firm has a market cap of C$45.60 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12-month low of C$105.43 and a 12-month high of C$141.15. The company’s fifty day simple moving average is C$125.73 and its 200 day simple moving average is C$129.07.

National Bank of Canada Dividend Announcement

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 $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.90%. National Bank of Canada’s payout ratio is 39.03%.

Analyst Ratings Changes

NA has been the topic of a number of research reports. Scotiabank decreased their target price on shares of National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 20th. BMO Capital Markets decreased their target price on shares of National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. TD Securities decreased 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 research note on Wednesday, March 5th. CIBC decreased their target price on shares of National Bank of Canada from C$135.00 to C$127.00 in a research note on Wednesday, March 5th. Finally, Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.