National Bank of Canada (TSE:NA) Stock Price Passes Above 200-Day Moving Average of $100.02

National Bank of Canada (TSE:NA) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$100.02 and traded as high as C$111.63. National Bank of Canada shares last traded at C$111.32, with a volume of 1,429,893 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. BMO Capital Markets upped their price objective on National Bank of Canada from C$109.00 to C$121.00 in a research note on Friday, April 5th. Scotiabank boosted their target price on National Bank of Canada from C$107.00 to C$109.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 29th. TD Securities boosted their target price on National Bank of Canada from C$100.00 to C$110.00 and gave the stock a “hold” rating in a research report on Thursday, February 29th. Royal Bank of Canada boosted their target price on National Bank of Canada from C$105.00 to C$109.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 29th. Finally, Veritas Investment Research reiterated a “reduce” rating on shares of National Bank of Canada in a research report on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, National Bank of Canada currently has an average rating of “Hold” and an average price target of C$108.00.

National Bank of Canada Price Performance

The business has a 50-day simple moving average of C$109.58 and a 200-day simple moving average of C$100.02. The firm has a market capitalization of C$37.76 billion, a PE ratio of 11.72, a P/E/G ratio of 17.04 and a beta of 1.11.

National Bank of Canada (TSE:NA) last issued its quarterly earnings data on Wednesday, February 28th. The financial services provider reported C$2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of C$2.71 billion for the quarter, compared to the consensus estimate of C$2.72 billion. On average, research analysts expect that National Bank of Canada will post 9.8532751 earnings per share for the current year.

National Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, March 25th will be given a dividend of $1.06 per share. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $4.24 dividend on an annualized basis and a yield of 3.81%. National Bank of Canada’s dividend payout ratio (DPR) is presently 44.63%.

Insider Buying and Selling at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest purchased 331 shares of National Bank of Canada stock in a transaction dated Tuesday, February 20th. The shares were purchased at an average cost of C$103.19 per share, for a total transaction of C$34,155.89. Company insiders own 0.20% of the company’s stock.

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.