Insider Buying: National Bank of Canada (TSE:NA) Senior Officer Purchases 2,147 Shares of Stock

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

National Bank of Canada Stock Performance

Shares of NA stock opened at C$116.96 on Monday. National Bank of Canada has a 52-week low of C$105.43 and a 52-week high of C$141.15. The company has a 50-day simple moving average of C$125.73 and a two-hundred day simple moving average of C$129.07. The company has a market capitalization 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Monday, March 31st will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.90%. National Bank of Canada’s dividend payout ratio is currently 39.03%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NA. BMO Capital Markets lowered 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 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, February 28th. Barclays lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Canaccord Genuity Group upped their target price on shares of National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Finally, Cormark lowered their target price on shares of National Bank of Canada from C$139.00 to C$137.00 in a report on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, National Bank of Canada has a consensus rating of “Hold” and a consensus target price of C$136.40.

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.