Insider Selling: National Bank of Canada (TSE:NA) Insider Sells C$79,674.00 in Stock

National Bank of Canada (TSE:NA) insider Marie-Chantal Gingras sold 600 shares of National Bank of Canada stock in a transaction on Tuesday, December 24th. 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 Trading Down 0.4 %

Shares of NA opened at C$132.22 on Monday. The stock’s 50-day moving average price is C$134.04 and its two-hundred day moving average price is C$123.68. National Bank of Canada has a 12 month low of C$98.04 and a 12 month high of C$141.15. The company has a market capitalization of C$45.01 billion, a PE ratio of 12.87, a PEG ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Monday, December 30th will be paid a $1.14 dividend. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.10. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Monday, December 30th. National Bank of Canada’s payout ratio is currently 42.84%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Scotiabank lifted their target price on National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday, November 25th. Cormark lowered their price objective on shares of National Bank of Canada from C$145.00 to C$142.00 in a research report on Thursday, December 5th. TD Securities cut their target price on shares of National Bank of Canada from C$140.00 to C$138.00 in a research report on Thursday, December 5th. BMO Capital Markets upped their price target on shares of National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. Finally, Canaccord Genuity Group raised their price objective on National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, National Bank of Canada currently has an average rating of “Hold” and an average target price of C$136.10.

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.