Lynn Loewen Buys 1,000 Shares of National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA - Get Free Report) Director Lynn Loewen bought 1,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were acquired at an average cost of C$117.93 per share, for a total transaction of C$117,930.00.

National Bank of Canada Price Performance

Shares of NA stock traded up C$0.76 during trading hours on Friday, reaching C$118.77. 4,677,231 shares of the company's stock were exchanged, compared to its average volume of 1,859,006. The company's 50 day moving average is C$124.32 and its two-hundred day moving average is C$128.93. The company has a market cap of C$46.31 billion, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 1 year low of C$105.43 and a 1 year high of C$141.15.

National Bank of Canada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders 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 yield of 3.84%. National Bank of Canada's dividend payout ratio (DPR) is currently 39.03%.

Analyst Ratings Changes

Several equities research analysts recently commented on NA shares. Jefferies Financial Group cut their price target on shares of National Bank of Canada from C$149.00 to C$147.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. CIBC reduced their target price on National Bank of Canada from C$135.00 to C$127.00 in a report on Wednesday, March 5th. Desjardins dropped their price target on National Bank of Canada from C$140.00 to C$136.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. Scotiabank reduced their price objective on National Bank of Canada from C$154.00 to C$125.00 and set a "sector perform" rating for the company in a research note on Thursday, February 20th. Finally, BMO Capital Markets lowered their target price on shares of National Bank of Canada from C$143.00 to C$135.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.