National Bank of Canada (TSE:NA) insider Ricardo Pascoe sold 48,340 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of C$63.25, for a total transaction of C$3,057,505.00.
Shares of National Bank of Canada (NA) traded down C$0.28 on Tuesday, hitting C$62.44. 822,931 shares of the stock were exchanged, compared to its average volume of 696,417. The stock has a market capitalization of $21,240.00, a price-to-earnings ratio of 11.61 and a beta of 0.89. National Bank of Canada has a 1 year low of C$51.41 and a 1 year high of C$64.39.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, December 27th will be paid a dividend of $0.60 per share. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.58. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Friday, December 22nd. National Bank of Canada’s payout ratio is currently 42.38%.
A number of equities research analysts have commented on the stock. BMO Capital Markets restated a “market perform” rating and set a C$66.00 target price on shares of National Bank of Canada in a research note on Tuesday, December 12th. Barclays cut shares of National Bank of Canada from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, December 19th. TD Securities lifted their price objective on shares of National Bank of Canada from C$64.00 to C$66.00 and gave the company a “hold” rating in a research report on Monday, December 4th. Scotiabank raised their target price on shares of National Bank of Canada from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a report on Monday, December 4th. Finally, Royal Bank of Canada raised their target price on shares of National Bank of Canada from C$65.00 to C$70.00 and gave the company an “outperform” rating in a report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of C$65.18.
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About National Bank of Canada
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