Insider Buying: National Bank of Canada (TSE:NA) Insider Purchases 1,750 Shares of Stock

National Bank of Canada (TSE:NA - Get Free Report) insider Marie-Chantal Gingras bought 1,750 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of C$119.45 per share, for a total transaction of C$209,037.50.

Marie-Chantal Gingras also recently made the following trade(s):

• On Tuesday, December 24th, Marie-Chantal Gingras sold 600 shares of National Bank of Canada stock. The shares were sold at an average price of C$132.79, for a total value of C$79,674.00.

National Bank of Canada Stock Down 0.9 %

Shares of TSE NA traded down C$1.07 during midday trading on Tuesday, hitting C$117.56. 2,418,763 shares of the company's stock were exchanged, compared to its average volume of 1,768,562. National Bank of Canada has a 12 month low of C$105.43 and a 12 month high of C$141.15. The company's 50 day moving average price is C$128.18 and its 200 day moving average price is C$129.01. The firm has a market capitalization of C$45.83 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders 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 dividend yield of 3.88%. National Bank of Canada's dividend payout ratio is currently 39.03%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NA. 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 Thursday, February 27th. BMO Capital Markets decreased their price target on National Bank of Canada from C$143.00 to C$135.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. CIBC decreased their price target on National Bank of Canada from C$141.00 to C$135.00 in a research note on Tuesday, February 18th. Cibc World Mkts downgraded National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, Scotiabank decreased their price target 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. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of C$137.20.

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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.