Cormark Analysts Increase Earnings Estimates for TSE:NA

National Bank of Canada (TSE:NA - Free Report) - Equities research analysts at Cormark increased their FY2025 earnings per share estimates for shares of National Bank of Canada in a research report issued to clients and investors on Thursday, May 29th. Cormark analyst L. Persaud now forecasts that the financial services provider will earn $10.92 per share for the year, up from their prior estimate of $10.32. 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 $11.49 EPS.

A number of other research firms have also recently issued reports on NA. CIBC increased their target price on National Bank of Canada from C$115.00 to C$125.00 in a report on Thursday, May 22nd. Scotiabank upgraded shares of National Bank of Canada to a "strong-buy" rating in a research note on Thursday, May 15th. Jefferies Financial Group downgraded National Bank of Canada from a "buy" rating to a "hold" rating and lowered their target price for the company from C$147.00 to C$126.00 in a research report on Monday, April 21st. Cibc World Mkts downgraded National Bank of Canada from a "hold" rating to a "strong sell" rating in a research note on Friday, April 4th. Finally, TD Securities dropped their price objective on National Bank of Canada from C$135.00 to C$131.00 and set a "hold" rating on the stock in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$134.10.

National Bank of Canada Price Performance

NA stock traded down C$1.48 during trading hours on Monday, reaching C$133.59. 1,340,387 shares of the stock were exchanged, compared to its average volume of 1,933,647. The firm's 50-day moving average is C$121.00 and its 200-day moving average is C$125.93. The company has a market cap of C$52.08 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12 month low of C$105.43 and a 12 month high of C$141.15.

Insider Activity

In other National Bank of Canada news, Director Yvon Charest bought 362 shares of the stock in a transaction dated Tuesday, May 20th. The shares were 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 stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of C$116.28 per share, for a total transaction of C$249,653.16. In the last ninety days, insiders have bought 3,509 shares of company stock valued at $413,894. 0.21% of the stock is owned by company insiders.

National Bank of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be issued a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.53%. This is a boost from National Bank of Canada's previous quarterly dividend of $1.14. National Bank of Canada's dividend payout ratio is presently 39.03%.

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.