National Bank of Canada (TSE:NA) Stock Price Passes Above 200-Day Moving Average of $91.18

National Bank of Canada (TSE:NAGet Rating) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$91.18 and traded as high as C$98.15. National Bank of Canada shares last traded at C$97.66, with a volume of 458,771 shares.

Wall Street Analysts Forecast Growth

NA has been the subject of a number of research analyst reports. Royal Bank of Canada increased their target price on shares of National Bank of Canada from C$109.00 to C$111.00 and gave the company a “sector perform” rating in a report on Thursday, December 1st. CSFB dropped their target price on shares of National Bank of Canada from C$111.00 to C$109.00 in a report on Thursday, December 1st. TD Securities dropped their target price on shares of National Bank of Canada from C$99.00 to C$97.00 and set a “hold” rating for the company in a report on Thursday, December 1st. Barclays increased their target price on shares of National Bank of Canada from C$92.00 to C$93.00 in a report on Thursday, December 1st. Finally, Credit Suisse Group dropped their target price on shares of National Bank of Canada to C$109.00 in a report on Thursday, December 1st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$104.27.

National Bank of Canada Price Performance

The stock’s 50-day moving average is C$94.84 and its 200-day moving average is C$91.18. The stock has a market cap of C$32.89 billion and a price-to-earnings ratio of 10.16.

National Bank of Canada (TSE:NAGet Rating) last announced its earnings results on Wednesday, November 30th. The financial services provider reported C$2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.22 by C($0.14). The company had revenue of C$2.33 billion for the quarter, compared to analysts’ expectations of C$2.53 billion. Analysts predict that National Bank of Canada will post 10.1000003 EPS for the current fiscal year.

National Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Monday, December 26th will be paid a dividend of $0.97 per share. The ex-dividend date of this dividend is Thursday, December 22nd. This represents a $3.88 dividend on an annualized basis and a yield of 3.97%. This is an increase from National Bank of Canada’s previous quarterly dividend of $0.92. National Bank of Canada’s dividend payout ratio (DPR) is currently 37.25%.

Insiders Place Their Bets

In other National Bank of Canada news, Senior Officer Eric Bujold sold 10,000 shares of the stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of C$94.95, for a total transaction of C$949,500.00. Following the transaction, the insider now owns 22 shares of the company’s stock, valued at C$2,088.90. In other news, Senior Officer Eric Bujold sold 10,000 shares of the firm’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of C$94.95, for a total value of C$949,500.00. Following the transaction, the insider now owns 22 shares of the company’s stock, valued at approximately C$2,088.90. Also, Senior Officer Martin Gagnon sold 28,398 shares of the firm’s stock in a transaction on Wednesday, December 7th. The shares were sold at an average price of C$94.64, for a total transaction of C$2,687,586.72. Following the completion of the transaction, the insider now directly owns 16,073 shares in the company, valued at approximately C$1,521,148.72. Insiders have sold a total of 70,070 shares of company stock valued at $6,647,257 over the last quarter.

About National Bank of Canada

(Get Rating)

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.

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