Insider Buying: National Bank of Canada (TSE:NA) Director Purchases 362 Shares of Stock

National Bank of Canada (TSE:NA) Director Yvon Charest purchased 362 shares of the firm’s stock in a transaction on Tuesday, May 20th. The shares were acquired at an average cost of C$127.93 per share, for a total transaction of C$46,310.66.

Yvon Charest also recently made the following trade(s):

• On Wednesday, February 19th, Yvon Charest purchased 334 shares of National Bank of Canada stock. The stock was bought at an average price of C$125.90 per share, for a total transaction of C$42,050.60.

National Bank of Canada Price Performance

Shares of NA traded down C$0.28 during midday trading on Tuesday, reaching C$128.32. 1,267,610 shares of the stock were exchanged, compared to its average volume of 1,919,010. The company has a market capitalization of C$50.03 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 7.14 and a beta of 1.12. The business’s 50-day moving average price is C$118.74 and its 200 day moving average price is C$126.07. National Bank of Canada has a twelve month low of C$105.43 and a twelve month high of C$141.15.

National Bank of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Monday, March 31st were issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.55%. National Bank of Canada’s dividend payout ratio is presently 39.03%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NA shares. TD Securities decreased their target price on shares of National Bank of Canada from C$135.00 to C$131.00 and set a “hold” rating on the stock in a research report on Wednesday, March 5th. UBS Group lowered their price objective on National Bank of Canada from C$145.00 to C$140.00 in a research note on Friday, February 28th. Cibc World Mkts downgraded National Bank of Canada from a “hold” rating to a “strong sell” rating in a research report on Friday, April 4th. Scotiabank upgraded National Bank of Canada to a “strong-buy” rating in a report on Thursday, May 15th. Finally, Royal Bank of Canada dropped their price objective on shares of National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$133.10.

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.