National Bank of Canada (TSE:NA) – Equities research analysts at Cormark issued their Q1 2020 earnings per share estimates for National Bank of Canada in a report issued on Wednesday, December 5th, according to Zacks Investment Research. Cormark analyst M. Grauman forecasts that the financial services provider will earn $1.66 per share for the quarter. Cormark also issued estimates for National Bank of Canada’s Q2 2020 earnings at $1.67 EPS, Q3 2020 earnings at $1.70 EPS and Q4 2020 earnings at $1.72 EPS.
A number of other equities analysts have also commented on the company. Barclays reduced their price objective on National Bank of Canada from C$69.00 to C$65.00 in a research note on Friday, November 16th. Canaccord Genuity boosted their price objective on National Bank of Canada from C$64.00 to C$67.00 in a research note on Thursday, December 6th. Desjardins reduced their price objective on National Bank of Canada from C$64.00 to C$62.00 in a research note on Tuesday, December 11th. Eight Capital reduced their price objective on National Bank of Canada from C$70.00 to C$69.00 in a research note on Thursday, December 6th. Finally, TD Securities reduced their price objective on National Bank of Canada from C$72.00 to C$68.00 and set a “hold” rating on the stock in a research note on Thursday, December 6th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$67.00.
NA stock traded up C$0.85 during trading on Thursday, hitting C$55.82. The company had a trading volume of 1,684,400 shares, compared to its average volume of 966,892. National Bank of Canada has a fifty-two week low of C$54.37 and a fifty-two week high of C$65.95.
In other news, Director Louis Vachon sold 100,000 shares of the company’s stock in a transaction on Monday, December 10th. The stock was sold at an average price of C$58.77, for a total transaction of C$5,877,000.00. Also, Director Lino Anthony Saputo purchased 1,100 shares of the business’s stock in a transaction dated Friday, December 14th. The shares were purchased at an average cost of C$58.50 per share, for a total transaction of C$64,350.00. Insiders have sold 256,700 shares of company stock worth $15,056,286 in the last ninety days.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Monday, December 31st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.66%. The ex-dividend date is Friday, December 28th. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.62. National Bank of Canada’s dividend payout ratio is 41.08%.
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.