Insider Buying: National Bank of Canada (TSE:NA) Director Purchases C$42,050.60 in Stock

National Bank of Canada (TSE:NA) Director Yvon Charest purchased 334 shares of National Bank of Canada stock in a transaction dated Wednesday, February 19th. The shares were purchased at an average price of C$125.90 per share, with a total value of C$42,050.60.

National Bank of Canada Stock Performance

National Bank of Canada stock opened at C$124.43 on Friday. The business’s 50-day simple moving average is C$129.93 and its 200-day simple moving average is C$128.46. National Bank of Canada has a 52 week low of C$102.90 and a 52 week high of C$141.15. The firm has a market capitalization of C$48.51 billion, a PE ratio of 11.04, a PEG ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Stockholders of record on Monday, December 30th were issued a dividend of $1.14 per share. The ex-dividend date was Monday, December 30th. 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 3.66%. National Bank of Canada’s payout ratio is 39.03%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group raised their price objective on shares of National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Cormark upgraded shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a report on Wednesday, January 15th. Jefferies Financial Group reduced their price objective on shares of National Bank of Canada from C$153.00 to C$149.00 in a research note on Tuesday. CIBC lowered their target price on shares of National Bank of Canada from C$141.00 to C$135.00 in a research report on Tuesday. Finally, BMO Capital Markets raised their target price on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$138.20.

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.