Insider Selling: National Bank of Canada (TSE:NA) Insider Sells 4,000 Shares of Stock

National Bank of Canada (TSE:NA) insider Lisa Swiderski sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of C$64.14, for a total transaction of C$256,560.00.

National Bank of Canada (TSE NA) traded up C$0.05 during trading on Friday, reaching C$63.85. 760,000 shares of the company’s stock traded hands, compared to its average volume of 973,963. The stock has a market cap of $21,720.00, a PE ratio of 11.87 and a beta of 0.89. National Bank of Canada has a 12 month low of C$51.41 and a 12 month high of C$64.39.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, December 27th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Friday, December 22nd. This is a boost from National Bank of Canada’s previous quarterly dividend of $0.58. National Bank of Canada’s dividend payout ratio is presently 42.38%.

Several brokerages have recently weighed in on NA. Canaccord Genuity lifted their price target on shares of National Bank of Canada from C$62.00 to C$66.00 in a research note on Wednesday, November 1st. Barclays cut shares of National Bank of Canada from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, December 19th. BMO Capital Markets restated a “market perform” rating and set a C$66.00 target price on shares of National Bank of Canada in a research note on Tuesday, December 12th. CIBC lifted their target price on shares of National Bank of Canada from C$62.00 to C$68.00 in a research note on Monday, November 13th. Finally, Eight Capital cut shares of National Bank of Canada from a “buy” rating to a “neutral” rating and lifted their target price for the company from C$66.00 to C$67.00 in a research note on Monday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of C$65.18.

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About National Bank of Canada

Insider Buying and Selling by Quarter for National Bank of Canada (TSE:NA)

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