National Bank of Canada (TSE:NA) will release its earnings data before the market opens on Wednesday, February 28th. Analysts expect National Bank of Canada to post earnings of C$1.40 per share for the quarter.
National Bank of Canada (TSE:NA) last posted its earnings results on Friday, December 1st. The financial services provider reported C$1.40 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.38 by C$0.02. National Bank of Canada had a net margin of 30.81% and a return on equity of 18.09%. The firm had revenue of C$1.70 billion for the quarter, compared to the consensus estimate of C$1.69 billion.
Shares of National Bank of Canada (TSE NA) opened at C$61.69 on Wednesday. National Bank of Canada has a fifty-two week low of C$51.41 and a fifty-two week high of C$65.68. The firm has a market cap of $21,090.00, a PE ratio of 11.47 and a beta of 0.88.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, December 27th were issued a $0.60 dividend. The ex-dividend date of this dividend was Friday, December 22nd. This is an increase from National Bank of Canada’s previous quarterly dividend of $0.58. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.89%. National Bank of Canada’s payout ratio is 42.38%.
A number of research firms have recently weighed in on NA. CSFB boosted their target price on shares of National Bank of Canada from C$59.00 to C$61.00 in a report on Monday, December 4th. TD Securities boosted their target price on shares of National Bank of Canada from C$64.00 to C$66.00 and gave the stock a “hold” rating in a report on Monday, December 4th. Barclays downgraded shares of National Bank of Canada from an “overweight” rating to an “equal weight” rating in a report on Tuesday, December 19th. Canaccord Genuity boosted their target price on shares of National Bank of Canada from C$62.00 to C$66.00 in a report on Wednesday, November 1st. Finally, Scotiabank boosted their target price on shares of National Bank of Canada from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a report on Monday, December 4th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of C$65.55.
In related news, insider Lisa Swiderski sold 4,000 shares of National Bank of Canada stock in a transaction dated Monday, December 18th. The shares were sold at an average price of C$64.14, for a total transaction of C$256,560.00. Also, insider Dominique Fagnoule sold 14,200 shares of National Bank of Canada stock in a transaction dated Friday, December 8th. The stock was sold at an average price of C$64.20, for a total transaction of C$911,640.00. Over the last ninety days, insiders have sold 239,772 shares of company stock valued at $15,288,811.
National Bank of Canada Company Profile
National Bank of Canada (the Bank) is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large corporations in its domestic market and also offers specialized services internationally. The Bank’s segments are Personal and Commercial, which includes the banking, financing and investing services offered to individuals and businesses, as well as insurance operations; Wealth Management, which consists of investment solutions, trust services, banking services, lending services and other wealth management solutions offered through internal and third-party distribution networks; Financial Markets, which includes banking services, investment banking services and financial solutions for institutional clients, and Other, which includes treasury operations, including the Bank’s asset and liability management, liquidity management and funding operations; certain non-recurring items, and the unallocated portion of corporate units.
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