National Bank of Canada (TSE:NA) – Investment analysts at Cormark issued their Q1 2019 earnings per share estimates for National Bank of Canada in a note issued to investors on Wednesday, December 5th. Cormark analyst M. Grauman anticipates that the financial services provider will post earnings per share of $1.51 for the quarter. Cormark also issued estimates for National Bank of Canada’s Q2 2019 earnings at $1.53 EPS, Q3 2019 earnings at $1.61 EPS, Q4 2019 earnings at $1.65 EPS, Q1 2020 earnings at $1.63 EPS, Q2 2020 earnings at $1.66 EPS, Q3 2020 earnings at $1.71 EPS and Q4 2020 earnings at $1.75 EPS.
Several other research analysts have also commented on the stock. Barclays raised their price target on shares of National Bank of Canada from C$67.00 to C$69.00 in a report on Thursday, August 30th. Canaccord Genuity lowered shares of National Bank of Canada from a “buy” rating to a “hold” rating and set a C$69.00 price target on the stock. in a report on Thursday, August 30th. Desjardins lifted their price objective on shares of National Bank of Canada from C$64.00 to C$66.00 in a research note on Thursday, August 30th. Eight Capital dropped their price objective on shares of National Bank of Canada from C$70.00 to C$69.00 in a research note on Thursday. Finally, TD Securities dropped their price objective on shares of 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. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$67.36.
TSE NA opened at C$58.96 on Friday. National Bank of Canada has a one year low of C$57.58 and a one year high of C$65.95.
In other news, Director Louis Vachon sold 62,800 shares of National Bank of Canada stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of C$65.01, for a total transaction of C$4,082,628.00. Insiders have sold 86,200 shares of company stock worth $5,604,116 in the last quarter.
The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.41%. 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 (DPR) is currently 42.69%.
About National Bank of Canada
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.
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