National Bank of Canada (TSE:NA) – Investment analysts at Desjardins issued their Q1 2018 earnings per share (EPS) estimates for shares of National Bank of Canada in a research note issued to investors on Friday. Desjardins analyst D. Young expects that the financial services provider will post earnings per share of $1.41 for the quarter. Desjardins also issued estimates for National Bank of Canada’s FY2018 earnings at $5.78 EPS and FY2019 earnings at $6.21 EPS.
Several other brokerages have also commented on NA. BMO Capital Markets upped their price target on National Bank of Canada from C$61.00 to C$66.00 and gave the stock a “market perform” rating in a research note on Monday, December 4th. Royal Bank of Canada upped their price target on National Bank of Canada from C$70.00 to C$71.00 in a research note on Wednesday, February 14th. Eight Capital lowered National Bank of Canada from a “buy” rating to a “neutral” rating and upped their price target for the stock from C$66.00 to C$67.00 in a research note on Monday, December 4th. CSFB upped their price target on National Bank of Canada from C$61.00 to C$64.00 in a research note on Friday, January 19th. Finally, CIBC upped their price target on National Bank of Canada from C$62.00 to C$68.00 in a research note on Monday, November 13th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of C$65.55.
National Bank of Canada (TSE:NA) last released its earnings results on Friday, December 1st. The financial services provider reported C$1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.38 by C$0.02. National Bank of Canada had a return on equity of 18.09% and a net margin of 30.81%. The firm had revenue of C$1.70 billion for the quarter, compared to the consensus estimate of C$1.69 billion.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, December 27th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, December 22nd. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a yield of 3.89%. National Bank of Canada’s dividend payout ratio is currently 42.38%.
In other news, insider Ricardo Pascoe sold 48,340 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of C$63.25, for a total value of C$3,057,505.00. Also, insider Dominique Fagnoule sold 14,200 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of C$64.20, for a total value of C$911,640.00. Insiders have sold 239,772 shares of company stock valued at $15,288,811 over the last 90 days.
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National Bank of Canada Company Profile
National Bank of Canada (the Bank) is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large corporations in its domestic market and also offers specialized services internationally. The Bank’s segments are Personal and Commercial, which includes the banking, financing and investing services offered to individuals and businesses, as well as insurance operations; Wealth Management, which consists of investment solutions, trust services, banking services, lending services and other wealth management solutions offered through internal and third-party distribution networks; Financial Markets, which includes banking services, investment banking services and financial solutions for institutional clients, and Other, which includes treasury operations, including the Bank’s asset and liability management, liquidity management and funding operations; certain non-recurring items, and the unallocated portion of corporate units.
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