FY2025 Earnings Estimate for TSE:NA Issued By Cormark

National Bank of Canada (TSE:NA) – Analysts at Cormark cut their FY2025 earnings estimates for National Bank of Canada in a note issued to investors on Thursday, December 5th. Cormark analyst L. Persaud now expects that the financial services provider will post earnings of $10.63 per share for the year, down from their previous forecast of $10.65. 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 decreased their price objective on National Bank of Canada from C$140.00 to C$138.00 in a research note on Thursday, December 5th. Scotiabank lifted their price target on shares of National Bank of Canada from C$129.00 to C$154.00 in a research note on Monday, November 25th. Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. CIBC raised their price objective on shares of National Bank of Canada from C$135.00 to C$141.00 in a report on Tuesday, November 26th. Finally, Royal Bank of Canada boosted their target price on shares of National Bank of Canada from C$116.00 to C$134.00 in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$136.10.

National Bank of Canada Trading Up 1.9 %

TSE:NA opened at C$135.32 on Monday. The stock has a fifty day moving average price of C$132.89 and a 200 day moving average price of C$121.99. National Bank of Canada has a 12-month low of C$94.22 and a 12-month high of C$141.15. The firm has a market cap of C$46.06 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Monday, December 30th will be paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.37%. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. National Bank of Canada’s payout ratio is currently 42.84%.

Insider Activity

In other National Bank of Canada news, Director Yvon Charest acquired 285 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were bought at an average cost of C$133.71 per share, for a total transaction of C$38,107.35. Corporate insiders own 0.21% of the company’s stock.

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.