National Bank of Canada (TSE:NA) to Issue $1.10 Quarterly Dividend

National Bank of Canada (TSE:NA) announced a quarterly dividend on Tuesday, August 27th, RTT News reports. Shareholders of record on Monday, September 30th will be given a dividend of 1.10 per share by the financial services provider on Friday, November 1st. This represents a $4.40 annualized dividend and a yield of 3.47%. The ex-dividend date is Friday, September 27th.

National Bank of Canada Stock Down 0.6 %

Shares of TSE NA opened at C$126.67 on Wednesday. The company has a market capitalization of C$43.12 billion, a PE ratio of 12.33, a PEG ratio of 17.04 and a beta of 1.12. The stock’s 50 day moving average price is C$119.11 and its 200-day moving average price is C$114.68. National Bank of Canada has a twelve month low of C$84.27 and a twelve month high of C$128.37.

National Bank of Canada (TSE:NA) last posted its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, topping the consensus estimate of C$2.50 by C$0.18. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. The business had revenue of C$2.98 billion for the quarter, compared to analysts’ expectations of C$2.95 billion. As a group, research analysts expect that National Bank of Canada will post 10.8549488 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Yvon Charest bought 325 shares of National Bank of Canada stock in a transaction on Monday, August 19th. The stock was acquired at an average price of C$117.24 per share, with a total value of C$38,103.00. 0.21% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on NA. TD Securities increased their price target on shares of National Bank of Canada from C$123.00 to C$129.00 in a research report on Thursday, August 29th. UBS Group set a C$123.00 price target on shares of National Bank of Canada and gave the stock a “buy” rating in a research note on Tuesday, July 2nd. Cormark lifted their price target on shares of National Bank of Canada from C$122.00 to C$128.00 in a report on Thursday, August 29th. Desjardins increased their price objective on National Bank of Canada from C$116.00 to C$118.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Finally, Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$122.64.

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.