National Bank of Canada (TSE:NA) Issues Quarterly Earnings Results

National Bank of Canada (TSE:NA) announced its quarterly earnings data on Wednesday. The financial services provider reported C$2.68 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.50 by C$0.18, reports. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. The business had revenue of C$2.98 billion for the quarter, compared to analyst estimates of C$2.95 billion.

National Bank of Canada Price Performance

National Bank of Canada has a 12 month low of C$84.27 and a 12 month high of C$127.22. The company has a fifty day moving average of C$113.71 and a 200-day moving average of C$112.15. The stock has a market cap of C$42.03 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 17.04 and a beta of 1.13.

National Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Monday, September 30th will be given a dividend of $1.10 per share. The ex-dividend date is Friday, September 27th. This represents a $4.40 annualized dividend and a dividend yield of ∞. National Bank of Canada’s dividend payout ratio (DPR) is presently 42.84%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NA shares. Canaccord Genuity Group upped their target price on National Bank of Canada from C$113.00 to C$123.00 in a research report on Thursday. Scotiabank raised their target price on shares of National Bank of Canada from C$120.00 to C$129.00 in a report on Thursday. Jefferies Financial Group boosted their target price on shares of National Bank of Canada from C$119.00 to C$126.00 in a research report on Thursday. UBS Group set a C$123.00 price target on National Bank of Canada and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Finally, BMO Capital Markets upped their target price on National Bank of Canada from C$115.00 to C$125.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$121.33.

Insider Buying and Selling at National Bank of Canada

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