Cormark Expects Weaker Earnings for National Bank of Canada

National Bank of Canada (TSE:NA) – Equities research analysts at Cormark lowered their FY2025 earnings estimates for National Bank of Canada in a research report issued to clients and investors on Thursday, December 5th. Cormark analyst L. Persaud now expects that the financial services provider will earn $10.63 per share for the year, down from their prior forecast of $10.65. The consensus estimate for National Bank of Canada’s current full-year earnings is $10.84 per share.

A number of other research analysts have also commented on NA. Royal Bank of Canada upped their price target on National Bank of Canada from C$116.00 to C$134.00 in a report on Thursday. TD Securities cut their target price on shares of National Bank of Canada from C$140.00 to C$138.00 in a research note on Thursday. Canaccord Genuity Group raised their price target on shares of National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday. CIBC upped their price objective on shares of National Bank of Canada from C$135.00 to C$141.00 in a research report on Tuesday, November 26th. Finally, Jefferies Financial Group lifted their target price on National Bank of Canada from C$119.00 to C$126.00 in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$136.10.

National Bank of Canada Stock Down 1.8 %

Shares of TSE:NA opened at C$132.75 on Monday. The company has a market cap of C$45.19 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 7.14 and a beta of 1.12. The business has a 50 day moving average price of C$132.73 and a 200 day moving average price of C$121.85. National Bank of Canada has a twelve month low of C$93.31 and a twelve month high of C$141.15.

National Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Monday, December 30th will be issued a dividend of $1.14 per share. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.44%. National Bank of Canada’s dividend payout ratio (DPR) is presently 42.84%.

Insider Activity

In other National Bank of Canada news, Director Yvon Charest purchased 285 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average cost of C$133.71 per share, for a total transaction of C$38,107.35. 0.21% of the stock is owned by corporate 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.