Cormark Has Pessimistic Outlook of TSE:NA FY2025 Earnings

National Bank of Canada (TSE:NA - Free Report) - Research analysts at Cormark cut their FY2025 earnings per share (EPS) estimates for shares of National Bank of Canada in a research report issued to clients and investors on Thursday, December 5th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings per share of $10.63 for the year, down from their prior estimate of $10.65. The consensus estimate for National Bank of Canada's current full-year earnings is $10.84 per share.

Several other research firms have also recently weighed in on NA. Cibc World Mkts cut shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 20th. Canaccord Genuity Group lifted their price target on National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday. Scotiabank increased their price objective on National Bank of Canada from C$129.00 to C$154.00 in a research note on Monday, November 25th. Royal Bank of Canada raised their price objective on National Bank of Canada from C$116.00 to C$134.00 in a research report on Thursday. Finally, Barclays downgraded National Bank of Canada from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$136.10.

National Bank of Canada Stock Up 1.6 %

Shares of National Bank of Canada stock traded up C$2.19 during trading on Monday, hitting C$134.94. The stock had a trading volume of 797,278 shares, compared to its average volume of 1,742,771. The company has a market capitalization of C$45.93 billion, a PE ratio of 13.13, a P/E/G ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 1 year low of C$94.22 and a 1 year high of C$141.15. The stock has a 50 day simple moving average of C$132.73 and a 200 day simple moving average of C$121.85.

National Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Monday, December 30th will be issued a $1.14 dividend. This is a boost from National Bank of Canada's previous quarterly dividend of $1.10. This represents a $4.56 dividend on an annualized basis and a yield of 3.38%. National Bank of Canada's dividend payout ratio is currently 42.84%.

Insiders Place Their Bets

In other news, Director Yvon Charest purchased 285 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were bought at an average price of C$133.71 per share, with a total value of C$38,107.35. Company insiders own 0.21% of the company's stock.

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.