National Bank of Canada (TSE:NA) Director Purchases C$498,243.48 in Stock

National Bank of Canada (TSE:NA) Director Macky Tall acquired 4,182 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of C$119.14 per share, with a total value of C$498,243.48.

National Bank of Canada Price Performance

National Bank of Canada stock opened at C$118.63 on Tuesday. The firm has a market cap of C$46.25 billion, a P/E ratio of 10.52, a P/E/G ratio of 7.14 and a beta of 1.12. The stock’s 50 day moving average is C$128.49 and its 200 day moving average is C$129.09. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Monday, March 31st will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.84%. National Bank of Canada’s dividend payout ratio is 39.03%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NA shares. BMO Capital Markets lowered their target price on National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada lowered their target price on National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. UBS Group lowered their target price on National Bank of Canada from C$145.00 to C$140.00 in a research note on Friday. TD Securities lowered their target price on National Bank of Canada from C$135.00 to C$131.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Finally, Canaccord Genuity Group increased their target price on National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus 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.