National Bank of Canada (TSE:NA) Reaches New 1-Year High at $115.33

National Bank of Canada (TSE:NA) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$115.33 and last traded at C$115.33, with a volume of 250825 shares traded. The stock had previously closed at C$114.52.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NA shares. TD Securities increased their price objective on shares of National Bank of Canada from C$100.00 to C$110.00 and gave the company a “hold” rating in a report on Thursday, February 29th. Canaccord Genuity Group increased their target price on National Bank of Canada from C$107.00 to C$108.00 and gave the company a “hold” rating in a research report on Thursday, February 29th. Jefferies Financial Group boosted their price target on shares of National Bank of Canada from C$109.00 to C$113.00 and gave the stock a “hold” rating in a research report on Thursday, February 29th. Veritas Investment Research reiterated a “reduce” rating on shares of National Bank of Canada in a research report on Thursday, February 29th. Finally, Royal Bank of Canada lifted their price objective on shares of National Bank of Canada from C$105.00 to C$109.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$108.58.

National Bank of Canada Trading Up 0.6 %

The company’s 50-day moving average is C$111.64 and its 200 day moving average is C$101.98. The stock has a market capitalization of C$39.17 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 17.04 and a beta of 1.12.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, February 28th. The financial services provider reported C$2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.38 by C$0.21. National Bank of Canada had a return on equity of 14.73% and a net margin of 34.22%. The firm had revenue of C$2.71 billion for the quarter, compared to the consensus estimate of C$2.72 billion. Sell-side analysts forecast that National Bank of Canada will post 9.848222 EPS for the current fiscal year.

National Bank of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, March 25th were issued a $1.06 dividend. This represents a $4.24 annualized dividend and a yield of 3.68%. The ex-dividend date was Friday, March 22nd. National Bank of Canada’s payout ratio is 44.63%.

Insider Activity

In other news, Director Yvon Charest purchased 331 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average price of C$103.19 per share, for a total transaction of C$34,155.89. Insiders own 0.20% of the company’s stock.

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.