Insider Selling: National Bank of Canada (TSE:NA) Senior Officer Sells 400 Shares of Stock

National Bank of Canada (TSE:NA) Senior Officer Brigitte Hébert sold 400 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total transaction of C$52,984.00.

National Bank of Canada Stock Performance

Shares of NA opened at C$132.22 on Monday. The firm has a market cap of C$45.01 billion, a PE ratio of 12.87, a PEG ratio of 7.14 and a beta of 1.12. The firm’s 50 day moving average price is C$134.04 and its 200 day moving average price is C$123.68. National Bank of Canada has a twelve month low of C$98.04 and a twelve month high of C$141.15.

National Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Monday, December 30th will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Monday, December 30th. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.10. National Bank of Canada’s payout ratio is presently 42.84%.

Analysts Set New Price Targets

A number of research firms recently commented on NA. TD Securities decreased their price objective on shares of National Bank of Canada from C$140.00 to C$138.00 in a research note on Thursday, December 5th. CIBC upped their price target on National Bank of Canada from C$135.00 to C$141.00 in a research report on Tuesday, November 26th. Cormark decreased their price objective on National Bank of Canada from C$145.00 to C$142.00 in a research report on Thursday, December 5th. Canaccord Genuity Group upped their target price on National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Finally, Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$136.10.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.