National Bank of Canada (TSE:NA) Cut to “Hold” at Desjardins

Desjardins lowered shares of National Bank of Canada (TSE:NA) from a buy rating to a hold rating in a report released on Wednesday morning, MarketBeat reports. Desjardins currently has C$238.00 target price on the financial services provider’s stock, up from their previous target price of C$217.00.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group boosted their price objective on National Bank of Canada from C$172.00 to C$188.00 in a research report on Wednesday, May 20th. TD raised their target price on National Bank of Canada from C$182.00 to C$202.00 and gave the company a “hold” rating in a research report on Tuesday, May 5th. Raymond James Financial lowered their target price on National Bank of Canada from C$206.50 to C$203.00 and set a “market perform” rating on the stock in a research note on Thursday, May 28th. Scotiabank boosted their price target on shares of National Bank of Canada from C$214.00 to C$222.00 and gave the stock a “sector outperform” rating in a report on Tuesday, June 16th. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of National Bank of Canada from C$209.00 to C$221.00 and gave the company a “neutral” rating in a research report on Thursday, May 28th. Two analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$202.83.

National Bank of Canada Stock Up 0.2%

National Bank of Canada stock opened at C$227.57 on Wednesday. National Bank of Canada has a 52 week low of C$141.46 and a 52 week high of C$237.13. The company’s 50 day moving average price is C$221.22 and its two-hundred day moving average price is C$199.31. The stock has a market cap of C$87.65 billion, a P/E ratio of 20.14, a P/E/G ratio of 7.14 and a beta of 1.35.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, May 27th. The financial services provider reported C$3.23 earnings per share (EPS) for the quarter. The company had revenue of C$3.91 billion during the quarter. National Bank of Canada had a return on equity of 13.77% and a net margin of 16.87%. On average, equities analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current year.

National Bank of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, August 1st. Shareholders of record on Saturday, August 1st were issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 2.3%. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.24. The ex-dividend date of this dividend was Monday, June 29th. National Bank of Canada’s dividend payout ratio is currently 42.83%.

About National Bank of Canada

With $618 billion in assets as at April 30, 2026, National Bank of Canada (the ‘Bank’) is one of Canada’s six systemically important banks. The Bank has more than 35,000 employees in knowledge-intensive positions and operates through three business segments in Canada: Personal and Commercial Banking, Wealth Management and Financial Markets. A fourth segment, U.S. Specialty Finance and International, complements the growth of its domestic operations. Its securities are listed on the Toronto Stock Exchange (TSX: NA).