Cormark Has Bearish Estimate for TSE:NA FY2025 Earnings

National Bank of Canada (TSE:NA) – Equities research analysts at Cormark cut their FY2025 earnings estimates for shares of National Bank of Canada in a note issued to investors on Thursday, December 5th. Cormark analyst L. Persaud now expects that the financial services provider will post earnings of $10.63 per share for the year, down from their previous forecast of $10.65. The consensus estimate for National Bank of Canada’s current full-year earnings is $10.84 per share.

NA has been the topic of a number of other research reports. TD Securities cut their price target on National Bank of Canada from C$140.00 to C$138.00 in a research note on Thursday. Jefferies Financial Group increased their target price on National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th. BMO Capital Markets boosted their target price on National Bank of Canada from C$125.00 to C$143.00 in a research report on Monday, November 18th. CIBC upped their price target on National Bank of Canada from C$135.00 to C$141.00 in a research note on Tuesday, November 26th. Finally, Scotiabank lifted their price objective on shares of National Bank of Canada from C$129.00 to C$154.00 in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$136.10.

National Bank of Canada Stock Performance

Shares of NA stock opened at C$132.75 on Monday. The firm’s 50 day moving average price is C$132.73 and its two-hundred day moving average price is C$121.85. National Bank of Canada has a 52-week low of C$93.31 and a 52-week high of C$141.15. The stock has a market cap of C$45.19 billion, a PE ratio of 12.93, a PEG ratio of 7.14 and a beta of 1.12.

Insider Transactions at National Bank of Canada

In related news, Director Yvon Charest purchased 285 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was purchased at an average cost of C$133.71 per share, for a total transaction of C$38,107.35. Company insiders own 0.21% of the company’s stock.

National Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Monday, December 30th will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 3.44%. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.10. National Bank of Canada’s dividend payout ratio is 42.84%.

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.