Insider Buying: National Bank of Canada (TSE:NA) Director Acquires 4,182 Shares of Stock

National Bank of Canada (TSE:NA - Get Free Report) Director Macky Tall purchased 4,182 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were purchased at an average cost of C$119.14 per share, with a total value of C$498,243.48.

National Bank of Canada Stock Performance

Shares of TSE:NA traded up C$1.51 on Friday, hitting C$117.42. 1,367,804 shares of the company were exchanged, compared to its average volume of 1,781,022. The company's 50 day moving average price is C$127.52 and its two-hundred day moving average price is C$128.93. The firm has a market capitalization of C$45.78 billion, a price-to-earnings ratio of 10.42, a PEG 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 company 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 $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.88%. National Bank of Canada's payout ratio is 39.03%.

Analyst Ratings Changes

Several research firms have weighed in on NA. BMO Capital Markets cut their target price on National Bank of Canada from C$143.00 to C$135.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Cormark reduced their target price on National Bank of Canada from C$139.00 to C$137.00 in a report on Thursday, February 27th. Desjardins decreased their target price on 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, February 27th. CIBC reduced their price objective on shares of National Bank of Canada from C$135.00 to C$127.00 in a research note on Wednesday. Finally, Scotiabank decreased their price objective on shares of National Bank of Canada from C$154.00 to C$125.00 and set a "sector perform" rating for the company in a report on Thursday, February 20th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$136.40.

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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.