National Bank of Canada (TSE:NA) Forecasted to Post Q3 2020 Earnings of $1.69 Per Share

National Bank of Canada (TSE:NA) – Equities research analysts at National Bank Financial issued their Q3 2020 earnings per share (EPS) estimates for National Bank of Canada in a research report issued to clients and investors on Tuesday, February 11th. National Bank Financial analyst G. Dechaine forecasts that the financial services provider will earn $1.69 per share for the quarter.

Several other research analysts have also recently commented on the company. Canaccord Genuity boosted their target price on National Bank of Canada from C$68.50 to C$72.50 in a research note on Thursday, December 5th. Desjardins upped their price target on National Bank of Canada from C$64.00 to C$68.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. CIBC upped their price target on National Bank of Canada from C$67.00 to C$73.00 in a report on Thursday, November 21st. TD Securities increased their target price on National Bank of Canada from C$67.00 to C$69.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada increased their target price on National Bank of Canada from C$69.00 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of C$69.25.

National Bank of Canada stock opened at C$73.76 on Thursday. National Bank of Canada has a 52 week low of C$60.09 and a 52 week high of C$74.28. The business’s 50-day moving average price is C$73.00 and its 200 day moving average price is C$68.29. The firm has a market cap of $24.64 billion and a price-to-earnings ratio of 11.63.

National Bank of Canada (TSE:NA) last issued its quarterly earnings data on Wednesday, December 4th. The financial services provider reported C$1.69 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.61 by C$0.08. The company had revenue of C$1.92 billion for the quarter, compared to analysts’ expectations of C$1.94 billion.

In other news, Director Brian A. Davis sold 63,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$72.35, for a total transaction of C$4,557,911.40. Also, Senior Officer Marc Knuepp sold 7,792 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$72.22, for a total transaction of C$562,770.97. Following the transaction, the insider now owns 13,811 shares in the company, valued at approximately C$997,488.43. In the last three months, insiders have sold 90,792 shares of company stock valued at $6,557,500.

The company also recently announced a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Monday, December 30th were given a dividend of $0.71 per share. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.68. The ex-dividend date was Friday, December 27th. This represents a $2.84 dividend on an annualized basis and a yield of 3.85%. National Bank of Canada’s payout ratio is currently 41.96%.

National Bank of Canada Company Profile

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

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