Cormark Equities Analysts Cut Earnings Estimates for TSE:NA

National Bank of Canada (TSE:NA - Free Report) - Equities researchers at Cormark dropped their FY2025 earnings per share estimates for National Bank of Canada in a research report issued to clients and investors on Tuesday, May 20th. Cormark analyst L. Persaud now forecasts that the financial services provider will earn $10.32 per share for the year, down from their prior estimate of $10.59. The consensus estimate for National Bank of Canada's current full-year earnings is $10.84 per share. Cormark also issued estimates for National Bank of Canada's FY2026 earnings at $11.36 EPS.

Several other analysts have also weighed in on NA. BMO Capital Markets decreased their price target on National Bank of Canada from C$143.00 to C$135.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Royal Bank of Canada reduced their target price on shares of National Bank of Canada from C$145.00 to C$144.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. Cibc World Mkts cut shares of National Bank of Canada from a "hold" rating to a "strong sell" rating in a research note on Friday, April 4th. Jefferies Financial Group downgraded shares of National Bank of Canada from a "buy" rating to a "hold" rating and cut their price target for the company from C$147.00 to C$126.00 in a report on Monday, April 21st. Finally, Desjardins reduced their price objective on shares of National Bank of Canada from C$140.00 to C$136.00 and set a "hold" rating on the stock in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of C$133.10.

National Bank of Canada Stock Up 0.7%

National Bank of Canada stock opened at C$129.18 on Thursday. The company's 50-day moving average price is C$119.25 and its 200-day moving average price is C$126.07. The company has a market cap of C$50.36 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a twelve month low of C$105.43 and a twelve month high of C$141.15.

National Bank of Canada Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Monday, March 31st were given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.53%. National Bank of Canada's dividend payout ratio (DPR) is presently 39.03%.

Insider Transactions at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest acquired 362 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was bought at an average cost of C$127.93 per share, with a total value of C$46,310.66. Also, Senior Officer Lucie Blanchet bought 2,147 shares of the company's stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of C$116.28 per share, for a total transaction of C$249,653.16. Over the last three months, insiders have purchased 13,701 shares of company stock valued at $1,633,863. 0.21% of the stock is currently owned by company insiders.

National Bank of Canada Company Profile

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.

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