National Bank of Canada (NA.TO) (TSE:NA) – National Bank Financial issued their FY2022 EPS estimates for shares of National Bank of Canada (NA.TO) in a note issued to investors on Sunday, January 10th. National Bank Financial analyst G. Dechaine expects that the financial services provider will earn $6.91 per share for the year.

National Bank of Canada (NA.TO) (TSE:NA) last announced its quarterly earnings results on Wednesday, December 2nd. The financial services provider reported C$1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.49 by C$0.20. The business had revenue of C$2 billion during the quarter, compared to analysts’ expectations of C$1.99 billion.

Several other research analysts also recently weighed in on NA. Credit Suisse Group boosted their target price on shares of National Bank of Canada (NA.TO) from C$74.00 to C$76.00 in a research note on Thursday, December 3rd. CIBC downgraded National Bank of Canada (NA.TO) from an “outperform” rating to a “neutral” rating in a report on Thursday, November 19th. Royal Bank of Canada lowered National Bank of Canada (NA.TO) from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$73.00 to C$81.00 in a research note on Thursday, December 3rd. Canaccord Genuity lifted their price objective on National Bank of Canada (NA.TO) from C$69.00 to C$74.50 in a research report on Thursday, December 3rd. Finally, Scotiabank increased their target price on National Bank of Canada (NA.TO) from C$83.00 to C$88.00 in a research report on Thursday, December 3rd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of C$78.94.

NA stock opened at C$73.59 on Tuesday. The stock’s 50 day moving average price is C$72.28 and its 200 day moving average price is C$68.03. The firm has a market cap of C$24.73 billion and a P/E ratio of 12.91. National Bank of Canada has a 1 year low of C$0.07 and a 1 year high of C$75.01.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 1st. Investors of record on Monday, December 28th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Thursday, December 24th. National Bank of Canada (NA.TO)’s dividend payout ratio (DPR) is currently 49.82%.

In other news, Senior Officer William Bonnell sold 19,256 shares of the stock in a transaction on Tuesday, December 8th. The shares were sold at an average price of C$72.08, for a total value of C$1,387,962.85. Following the completion of the sale, the insider now owns 7,843 shares of the company’s stock, valued at C$565,319.52. Also, Director Denis Girouard sold 5,420 shares of National Bank of Canada (NA.TO) stock in a transaction on Tuesday, December 8th. The shares were sold at an average price of C$71.83, for a total transaction of C$389,318.06. Following the transaction, the director now owns 30,000 shares in the company, valued at approximately C$2,154,897. Insiders sold 74,676 shares of company stock worth $5,378,201 in the last quarter.

About National Bank of Canada (NA.TO)

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.

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Earnings History and Estimates for National Bank of Canada (NA.TO) (TSE:NA)

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