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

National Bank of Canada (TSE:NA – Get 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:NA – Get 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

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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.