National Bank of Canada (TSE:NA) Hits New 52-Week High at $123.16

National Bank of Canada (TSE:NA) reached a new 52-week high on Wednesday . The company traded as high as C$123.16 and last traded at C$126.78, with a volume of 528392 shares traded. The stock had previously closed at C$124.66.

Analyst Ratings Changes

Several analysts recently issued reports on NA shares. Jefferies Financial Group lifted their target price on National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th. BMO Capital Markets raised their target price on shares of National Bank of Canada from C$115.00 to C$125.00 in a research note on Thursday, August 29th. Desjardins boosted their price target on shares of National Bank of Canada from C$116.00 to C$118.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Scotiabank lifted their target price on National Bank of Canada from C$120.00 to C$129.00 in a report on Thursday, August 29th. Finally, TD Securities increased their price objective on shares of National Bank of Canada from C$123.00 to C$129.00 in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$122.64.

National Bank of Canada Stock Performance

The stock has a fifty day moving average of C$116.68 and a 200-day moving average of C$113.49. The company has a market cap of C$43.30 billion, a PE ratio of 12.38, a PEG ratio of 17.04 and a beta of 1.12.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 EPS for the quarter, topping analysts’ consensus estimates of C$2.50 by C$0.18. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. The firm had revenue of C$2.98 billion for the quarter, compared to analysts’ expectations of C$2.95 billion. As a group, equities analysts anticipate that National Bank of Canada will post 10.7004292 EPS for the current fiscal year.

National Bank of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, September 30th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Friday, September 27th. National Bank of Canada’s dividend payout ratio is presently 42.84%.

Insider Buying and Selling

In other news, Director Yvon Charest purchased 325 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were purchased at an average price of C$117.24 per share, for a total transaction of C$38,103.00. In other National Bank of Canada news, Senior Officer Lucie Blanchet sold 8,800 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total transaction of C$946,792.00. Also, Director Yvon Charest acquired 325 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average price of C$117.24 per share, with a total value of C$38,103.00. 0.20% of the stock is owned by insiders.

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.