National Bank of Canada (TSE:NA) to Issue $1.14 Quarterly Dividend

National Bank of Canada (TSE:NA - Get Free Report) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 1.14 per share by the financial services provider on Thursday, May 1st. This represents a $4.56 dividend on an annualized basis and a yield of 3.79%.

National Bank of Canada Stock Up 0.3 %

NA traded up C$0.40 during trading on Friday, reaching C$120.41. The company's stock had a trading volume of 4,166,577 shares, compared to its average volume of 1,742,849. The firm has a fifty day simple moving average of C$128.77 and a two-hundred day simple moving average of C$128.95. National Bank of Canada has a 1 year low of C$104.84 and a 1 year high of C$141.15. The company has a market cap of C$46.95 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 7.14 and a beta of 1.12.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NA. Barclays lowered shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 21st. Cibc World Mkts lowered shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. UBS Group reduced their price target on shares of National Bank of Canada from C$145.00 to C$140.00 in a research report on Friday. Scotiabank reduced their price target on shares of National Bank of Canada from C$154.00 to C$125.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 20th. Finally, CIBC reduced their price target on shares of National Bank of Canada from C$141.00 to C$135.00 in a research report on Tuesday, February 18th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, National Bank of Canada presently has an average rating of "Hold" and an average target price of C$137.20.

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Insider Buying and Selling

In related news, insider Marie-Chantal Gingras purchased 1,750 shares of National Bank of Canada stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of C$119.45 per share, with a total value of C$209,037.50. Also, Director Robert Paré purchased 4,200 shares of National Bank of Canada stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost of C$120.34 per share, with a total value of C$505,428.00. Over the last quarter, insiders bought 6,344 shares of company stock worth $763,776. Corporate insiders own 0.21% of the company's stock.

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.