Cormark Cuts Earnings Estimates for National Bank of Canada

National Bank of Canada (TSE:NA - Free Report) - Research analysts at Cormark cut their FY2026 earnings estimates for shares of National Bank of Canada in a note issued to investors on Thursday, December 5th. Cormark analyst L. Persaud now expects that the financial services provider will earn $11.64 per share for the year, down from their prior estimate of $11.66. The consensus estimate for National Bank of Canada's current full-year earnings is $10.84 per share.

Several other equities analysts have also weighed in on NA. Royal Bank of Canada increased their price target on shares of National Bank of Canada from C$116.00 to C$134.00 in a research report on Thursday. BMO Capital Markets raised their price target on shares of National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Barclays downgraded National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 21st. Canaccord Genuity Group raised their target price on National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday. Finally, TD Securities dropped their price target on National Bank of Canada from C$140.00 to C$138.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$136.10.

National Bank of Canada Stock Down 1.8 %

NA stock traded down C$2.43 during midday trading on Friday, hitting C$132.75. The company's stock had a trading volume of 3,333,532 shares, compared to its average volume of 1,746,945. National Bank of Canada has a 1 year low of C$93.31 and a 1 year high of C$141.15. The stock has a market cap of C$45.19 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 7.14 and a beta of 1.12. The stock's 50-day moving average price is C$132.61 and its 200 day moving average price is C$121.64.

Insiders Place Their Bets

In related news, Director Yvon Charest acquired 285 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average cost of C$133.71 per share, for a total transaction of C$38,107.35. Corporate insiders own 0.21% of the company's stock.

National Bank of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Monday, December 30th will be issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 3.44%. This is a positive change from National Bank of Canada's previous quarterly dividend of $1.10. National Bank of Canada's dividend payout ratio is 42.84%.

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.