Cormark Forecasts Lower Earnings for National Bank of Canada

National Bank of Canada (TSE:NA - Free Report) - Stock analysts at Cormark lowered their FY2025 earnings per share (EPS) estimates for National Bank of Canada in a research note issued to investors on Thursday, February 27th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings per share of $10.59 for the year, down from their prior estimate of $10.68. The consensus estimate for National Bank of Canada's current full-year earnings is $10.84 per share. Cormark also issued estimates for National Bank of Canada's FY2026 earnings at $11.55 EPS.

A number of other analysts also recently issued reports on NA. Cibc World Mkts downgraded shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Desjardins reduced their target price on shares of National Bank of Canada from C$140.00 to C$136.00 and set a "hold" rating for the company in a research report on Thursday. CIBC lowered their price target on shares of National Bank of Canada from C$141.00 to C$135.00 in a report on Tuesday, February 18th. TD Securities reduced their price objective on National Bank of Canada from C$135.00 to C$131.00 and set a "hold" rating for the company in a report on Thursday. Finally, Jefferies Financial Group decreased their target price on National Bank of Canada from C$149.00 to C$147.00 and set a "buy" rating for the company in a research report on Thursday. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of C$137.20.

National Bank of Canada Price Performance

Shares of TSE NA traded down C$1.78 during mid-day trading on Monday, reaching C$118.63. 2,172,605 shares of the company's stock were exchanged, compared to its average volume of 1,753,081. The firm has a 50-day moving average price of C$128.77 and a two-hundred day moving average price of C$129.06. The firm has a market capitalization of C$46.25 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 52 week low of C$105.43 and a 52 week high of C$141.15.

Insider Activity

In related news, Senior Officer Brigitte Hébert sold 400 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total value of C$52,984.00. Also, Director Macky Tall acquired 4,182 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of C$119.14 per share, with a total value of C$498,243.48. Over the last ninety days, insiders bought 10,526 shares of company stock worth $1,262,020. 0.21% of the stock is owned by company insiders.

National Bank of Canada Announces Dividend

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

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.