Cormark Has Pessimistic View of TSE:NA FY2025 Earnings

National Bank of Canada (TSE:NA) – Research analysts at Cormark decreased their FY2025 earnings estimates for shares of National Bank of Canada in a research note issued on Thursday, February 27th. Cormark analyst L. Persaud now forecasts that the financial services provider will post earnings per share of $10.59 for the year, down from their prior forecast of $10.68. 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 $11.55 EPS.

Other equities analysts have also recently issued research reports about the stock. Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Jefferies Financial Group cut their price target on shares of National Bank of Canada from C$149.00 to C$147.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Canaccord Genuity Group raised their price target on shares of National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. BMO Capital Markets cut their price target on shares of 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. Finally, Desjardins cut their price target 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 report on Thursday, February 27th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$137.20.

National Bank of Canada Stock Down 1.5 %

Shares of TSE:NA opened at C$118.63 on Monday. The stock has a market cap of C$46.25 billion, a PE ratio of 10.52, a PEG ratio of 7.14 and a beta of 1.12. The company’s fifty day moving average is C$128.49 and its 200 day moving average is C$129.09. National Bank of Canada has a 52 week low of C$105.43 and a 52 week high of C$141.15.

National Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Monday, March 31st will be paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.84%. National Bank of Canada’s payout ratio is 39.03%.

Insider Activity

In related news, Director Robert Paré acquired 4,200 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of C$120.34 per share, with a total value of C$505,428.00. Also, insider Marie-Chantal Gingras sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total transaction of C$79,674.00. In the last 90 days, insiders have purchased 10,526 shares of company stock valued at $1,262,020. Corporate insiders own 0.21% of the company’s stock.

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.