National Bank of Canada (NA) to Release Earnings on Wednesday

National Bank of Canada (TSE:NAGet Rating) is scheduled to post its quarterly earnings results before the market opens on Wednesday, November 30th. Analysts expect National Bank of Canada to post earnings of C$2.23 per share for the quarter.

National Bank of Canada (TSE:NAGet Rating) last issued its earnings results on Wednesday, August 24th. The financial services provider reported C$2.35 earnings per share for the quarter, beating the consensus estimate of C$2.27 by C$0.08. The company had revenue of C$2.41 billion for the quarter, compared to analysts’ expectations of C$2.45 billion.

National Bank of Canada Price Performance

Shares of NA stock opened at C$98.54 on Wednesday. The stock has a market capitalization of C$33.16 billion and a PE ratio of 10.12. National Bank of Canada has a 1-year low of C$82.16 and a 1-year high of C$105.75. The business has a 50-day moving average of C$90.67 and a 200 day moving average of C$90.27.

National Bank of Canada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, September 26th were given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Friday, September 23rd. National Bank of Canada’s dividend payout ratio is currently 34.60%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NA. BMO Capital Markets decreased their target price on National Bank of Canada from C$108.00 to C$103.00 in a research report on Friday, September 2nd. Keefe, Bruyette & Woods raised their price objective on National Bank of Canada from C$100.00 to C$106.00 in a research report on Friday, September 2nd. Cormark raised their price objective on National Bank of Canada from C$114.00 to C$115.00 in a research report on Friday, August 26th. CSFB increased their target price on National Bank of Canada from C$106.00 to C$111.00 in a research note on Tuesday. Finally, Canaccord Genuity Group cut their target price on National Bank of Canada from C$101.00 to C$100.00 in a research note on Thursday, August 25th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$105.83.

Insider Transactions at National Bank of Canada

In related news, Director Laurent Ferreira purchased 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was bought at an average price of C$89.70 per share, for a total transaction of C$179,400.00. Following the completion of the transaction, the director now owns 73,400 shares in the company, valued at approximately C$6,583,980. In other National Bank of Canada news, Director Laurent Ferreira bought 2,000 shares of the company’s stock in a transaction on Friday, August 26th. The stock was acquired at an average price of C$89.70 per share, for a total transaction of C$179,400.00. Following the completion of the transaction, the director now directly owns 73,400 shares of the company’s stock, valued at C$6,583,980. Also, Director Yvon Charest purchased 348 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was purchased at an average price of C$96.03 per share, with a total value of C$33,418.44. Following the acquisition, the director now directly owns 15,864 shares of the company’s stock, valued at approximately C$1,523,419.92.

National Bank of Canada Company Profile

(Get Rating)

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

See Also

Earnings History for National Bank of Canada (TSE:NA)

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