Macky Tall Purchases 4,182 Shares of National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA - Get Free Report) 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, for a total transaction of C$498,243.48.

National Bank of Canada Trading Down 0.3 %

NA traded down C$0.40 on Thursday, hitting C$115.91. 2,872,308 shares of the company's stock traded hands, compared to its average volume of 1,796,009. The company's 50 day simple moving average is C$127.52 and its 200-day simple moving average is C$128.93. The firm has a market cap of C$45.19 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 7.14 and a beta of 1.12. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Monday, March 31st will be paid a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.93%. National Bank of Canada's dividend payout ratio (DPR) is presently 39.03%.

Analyst Upgrades and Downgrades

NA has been the topic of several research reports. Barclays cut National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 21st. TD Securities dropped their target price on National Bank of Canada from C$135.00 to C$131.00 and set a "hold" rating on the stock in a research report on Wednesday. CIBC dropped their target price on National Bank of Canada from C$135.00 to C$127.00 in a research report on Wednesday. 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. Finally, Royal Bank of Canada decreased their price objective on National Bank of Canada from C$145.00 to C$144.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of C$136.40.

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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.