What is Cormark's Forecast for TSE:NA Q2 Earnings?

National Bank of Canada (TSE:NA - Free Report) - Cormark issued their Q2 2025 earnings per share estimates for shares of National Bank of Canada in a research report issued to clients and investors on Tuesday, May 20th. Cormark analyst L. Persaud forecasts that the financial services provider will post earnings per share of $2.33 for the quarter. The consensus estimate for National Bank of Canada's current full-year earnings is $10.84 per share.

Several other brokerages have also recently issued reports on NA. TD Securities lowered their target price on shares of National Bank of Canada from C$135.00 to C$131.00 and set a "hold" rating for the company in a report on Wednesday, March 5th. BMO Capital Markets reduced their price target on shares of National Bank of Canada from C$143.00 to C$135.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Scotiabank raised National Bank of Canada to a "strong-buy" rating in a report on Thursday, May 15th. Royal Bank of Canada cut their target price on National Bank of Canada from C$145.00 to C$144.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Finally, CIBC upped their target price on National Bank of Canada from C$115.00 to C$125.00 in a research report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, National Bank of Canada has a consensus rating of "Hold" and a consensus target price of C$134.10.

National Bank of Canada Stock Performance

NA stock traded up C$4.96 during midday trading on Friday, reaching C$134.32. 1,813,470 shares of the company were exchanged, compared to its average volume of 1,906,127. National Bank of Canada has a 1-year low of C$105.43 and a 1-year high of C$141.15. The stock's 50-day simple moving average is C$120.12 and its 200 day simple moving average is C$125.90. The company has a market cap of C$52.37 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

Insider Activity at National Bank of Canada

In other National Bank of Canada news, Director Robert Paré acquired 4,200 shares of the stock in a transaction on Thursday, February 27th. The shares were bought at an average price of C$120.34 per share, with a total value of C$505,428.00. Also, insider Marie-Chantal Gingras bought 1,750 shares of the company's stock in a transaction on Thursday, February 27th. The shares were acquired at an average price of C$119.45 per share, for a total transaction of C$209,037.50. Insiders have purchased 13,701 shares of company stock worth $1,633,863 in the last quarter. Company insiders own 0.21% of the company's stock.

National Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be given a $1.18 dividend. This represents a $4.72 annualized dividend and a yield of 3.51%. This is a boost from National Bank of Canada's previous quarterly dividend of $1.14. National Bank of Canada's payout ratio is 39.03%.

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.