Lynn Loewen Purchases 1,000 Shares of National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) Director Lynn Loewen bought 1,000 shares of National Bank of Canada stock in a transaction on Monday, March 17th. The stock was acquired at an average cost of C$117.93 per share, with a total value of C$117,930.00.

National Bank of Canada Stock Down 0.0 %

Shares of TSE NA traded down C$0.02 during midday trading on Wednesday, hitting C$117.87. The stock had a trading volume of 176,171 shares, compared to its average volume of 1,793,484. National Bank of Canada has a 1-year low of C$105.43 and a 1-year high of C$141.15. The company has a market capitalization of C$45.95 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 7.14 and a beta of 1.12. The company has a fifty day moving average price of C$125.17 and a 200 day moving average price of C$128.98.

National Bank of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders 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 yield of 3.87%. National Bank of Canada’s dividend payout ratio (DPR) is 39.03%.

Analysts Set New Price Targets

A number of research analysts have issued reports on NA shares. Royal Bank of Canada dropped their target price on shares of National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. CIBC decreased their target price on National Bank of Canada from C$135.00 to C$127.00 in a research report on Wednesday, March 5th. Cibc World Mkts cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Cormark decreased 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. Finally, Jefferies Financial Group dropped their target price on shares of National Bank of Canada from C$149.00 to C$147.00 and set a “buy” rating for the company 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, the stock currently has an average 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.