National Bank of Canada (TSE:NA) Stock Crosses Above Two Hundred Day Moving Average of $101.07

National Bank of Canada (TSE:NA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$101.07 and traded as high as C$112.23. National Bank of Canada shares last traded at C$111.64, with a volume of 1,528,438 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NA. TD Securities raised their price target on shares of National Bank of Canada from C$100.00 to C$110.00 and gave the company a “hold” rating in a research report on Thursday, February 29th. Scotiabank increased their price objective on shares of National Bank of Canada from C$107.00 to C$109.00 and gave the company a “sector perform” rating in a research note on Thursday, February 29th. Jefferies Financial Group increased their price objective on shares of National Bank of Canada from C$109.00 to C$113.00 and gave the company a “hold” rating in a research note on Thursday, February 29th. Veritas Investment Research reiterated a “reduce” rating on shares of National Bank of Canada in a research note on Thursday, February 29th. Finally, Canaccord Genuity Group increased their price objective on shares of National Bank of Canada from C$107.00 to C$108.00 and gave the company a “hold” rating in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$108.00.

National Bank of Canada Stock Performance

The company’s 50 day moving average price is C$110.75 and its 200-day moving average price is C$101.07. The company has a market cap of C$37.86 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 17.04 and a beta of 1.11.

National Bank of Canada (TSE:NA) last issued its quarterly earnings results on Wednesday, February 28th. The financial services provider reported C$2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.38 by C$0.21. National Bank of Canada had a net margin of 34.22% and a return on equity of 14.73%. The company had revenue of C$2.71 billion during the quarter, compared to analyst estimates of C$2.72 billion. Equities research analysts expect that National Bank of Canada will post 9.8532751 EPS for the current year.

National Bank of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Stockholders of record on Monday, March 25th were paid a dividend of $1.06 per share. The ex-dividend date was Friday, March 22nd. This represents a $4.24 annualized dividend and a dividend yield of 3.80%. National Bank of Canada’s payout ratio is currently 44.63%.

Insider Activity at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest acquired 331 shares of National Bank of Canada stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average cost of C$103.19 per share, for a total transaction of C$34,155.89. 0.20% of the stock is owned by company insiders.

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.