National Bank of Canada (TSE:NA) Hits New 52-Week High at $73.86

National Bank of Canada (TSE:NA) hit a new 52-week high on Wednesday . The company traded as high as C$73.86 and last traded at C$73.79, with a volume of 119365 shares. The stock had previously closed at C$73.50.

A number of equities analysts have recently weighed in on NA shares. Desjardins increased their target price on National Bank of Canada from C$64.00 to C$68.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. CIBC increased their target price on National Bank of Canada from C$67.00 to C$73.00 in a research note on Thursday, November 21st. TD Securities increased their target price on National Bank of Canada from C$67.00 to C$69.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Royal Bank of Canada increased their target price on National Bank of Canada from C$69.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Canaccord Genuity increased their target price on National Bank of Canada from C$68.50 to C$72.50 in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of C$69.25.

The stock has a 50 day simple moving average of C$72.37 and a 200 day simple moving average of C$67.11. The stock has a market cap of $24.57 billion and a P/E ratio of 11.61.

National Bank of Canada (TSE:NA) last posted its quarterly earnings data on Wednesday, December 4th. The financial services provider reported C$1.69 EPS for the quarter, topping the Zacks’ consensus estimate of C$1.61 by C$0.08. The company had revenue of C$1.92 billion for the quarter, compared to the consensus estimate of C$1.94 billion. Analysts anticipate that National Bank of Canada will post 6.9999997 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Monday, December 30th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Friday, December 27th. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.68. National Bank of Canada’s dividend payout ratio (DPR) is 41.96%.

In other news, Senior Officer William Bonnell sold 20,000 shares of National Bank of Canada stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$71.84, for a total value of C$1,436,818.00. Following the transaction, the insider now owns 5,636 shares in the company, valued at approximately C$404,895.31. Also, Director Brian A. Davis sold 63,000 shares of National Bank of Canada stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$72.35, for a total value of C$4,557,911.40. In the last 90 days, insiders have sold 90,792 shares of company stock worth $6,557,500.

About National Bank of Canada (TSE:NA)

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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