National Bank of Canada (TSE:NA) Shares Pass Above Two Hundred Day Moving Average of $114.11

National Bank of Canada (TSE:NA) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$114.11 and traded as high as C$127.41. National Bank of Canada shares last traded at C$126.85, with a volume of 982,129 shares.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NA shares. Scotiabank raised their price target on shares of National Bank of Canada from C$120.00 to C$129.00 in a report on Thursday, August 29th. Cormark raised their price target on shares of National Bank of Canada from C$122.00 to C$128.00 in a report on Thursday, August 29th. CIBC downgraded shares of National Bank of Canada from an “outperform” rating to a “neutral” rating in a report on Friday. BMO Capital Markets raised their price target on shares of National Bank of Canada from C$115.00 to C$125.00 in a report on Thursday, August 29th. Finally, Jefferies Financial Group raised their price target on shares of National Bank of Canada from C$119.00 to C$126.00 in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$122.64.

National Bank of Canada Stock Performance

The firm has a market capitalization of C$43.30 billion, a PE ratio of 12.36, a PEG ratio of 17.04 and a beta of 1.12. The company’s 50-day moving average price is C$118.27 and its 200-day moving average price is C$114.27.

National Bank of Canada (TSE:NA) last announced its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of C$2.95 billion. As a group, analysts anticipate that National Bank of Canada will post 10.7004292 earnings per share for the current year.

National Bank of Canada Dividend Announcement

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

Insider Buying and Selling at National Bank of Canada

In other news, Director Yvon Charest purchased 325 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were acquired at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. 0.20% of the stock is currently owned by company 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.