National Bank Of Canada: 15 Different Insiders Have Purchased Shares During The Last 30 Days

Mar. 9.14 | About: National Bank (NTIOF)

Summary

15 insiders purchased the stock within one month.

The stock was sold by no insiders in the month of intensive purchasing.

Two of these 15 insiders increased their holdings by more than 10%.

National Bank of Canada (OTCPK:NTIOF) provides various financial services to retail, commercial, corporate, and institutional clients primarily in Canada, the United States, and Europe.

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Insider buying during the last 30 days

Here is a table of National Bank Of Canada's insider activity during the last 30 days.

Name Title Trade Date Shares Purchased Current Ownership Increase In Shares
Maryse Bertrand Director Feb 18 231 3,061 shares +8.2%
Lawrence Bloomberg Director Feb 18 163 3,533 shares +4.8%
Pierre Boivin Director Feb 18 197 12,705 shares +1.6%
André Caillé Director Feb 18 271 10,583 shares +2.6%
Gérard Coulombe Director Feb 18 208 15,380 shares +1.4%
Bernard Cyr Director Feb 18 388 17,950 shares +2.2%
Gillian Denham Director Feb 18 179 12,121 shares +1.5%
Jean Douville Chairman Feb 18 204 1,576 shares +14.9%
Richard Fortin Director Feb 18 323 3,939 shares +8.9%
Paul Gobeil Director Feb 18 226 18,098 shares +1.3%
Jean Houde Director Feb 18 238 13,016 shares +1.9%
Louise Laflamme Director Feb 18 239 16,563 shares +1.5%
Roseann Runte Director Feb 18 187 13,011 shares +1.5%
Lino Saputo Director Feb 18 207 3,773 shares +5.8%
Pierre Thabet Director Feb 18 215 2,353 shares +10.1%
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There have been 3,476 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of National Bank Of Canada's insider activity by calendar month.

Month Insider buying / shares Insider selling / shares
February 2014 3,476 0
January 2014 0 0
December 2013 3,486 153,600
November 2013 1,740 0
October 2013 0 0
September 2013 0 27,777
August 2013 1,893 3,000
July 2013 0 0
June 2013 0 0
May 2013 1,769 0
April 2013 500 0
March 2013 760 0
February 2013 1,612 0
January 2013 0 0
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There have been 15,236 shares purchased, and there have been 184,377 shares sold by insiders since January 2013.

Financials

National Bank Of Canada reported the fiscal 2014 first-quarter, which ended January 31, financial results on February 24 with the following highlights:

Revenue $1.4 billion
Net income $405 million
Book value $23.68 per share
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(Source: Earnings presentation)

Competition

National Bank of Canada's competitors include Bank of Montreal (NYSE:BMO), The Bank Of Nova Scotia (NYSE:BNS), and Royal Bank of Canada (NYSE:RY). Here is a table comparing these companies.

Company NTIOF BMO BNS RY
Market Cap: 12.93B 42.15B 69.69B 93.21B
Employees: 19,784 45,631 83,874 74,117
Qtrly Rev Growth (yoy): 0.09 0.04 0.09 0.09
Revenue: 5.18B 16.15B 20.86B 30.86B
Operating Margin: 0.37 0.37 0.42 0.37
Net Income: 1.50B 4.18B 6.44B 8.28B
EPS: 4.59 6.45 5.33 5.69
P/E: 8.62 10.13 10.77 11.36
PEG (5 yr expected): 1.02 1.13 0.97 1.21
P/S: 2.53 2.63 3.38 3.06
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National Bank of Canada has the lowest P/S ratio among these four companies.

Here is a table of these competitors' insider activities this year.

Company Insider buying / shares Insider selling / shares
BMO 0 24,961
BNS 0 0
RY 0 147,117
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Only National Bank of Canada has seen intensive insider buying during the last 30 days.

Conclusion

There have been 15 different insiders buying National Bank of Canada, and there have not been any insiders selling National Bank of Canada during the last 30 days. Two of these 15 insiders increased their holdings by more than 10%.

The insiders purchased their shares at $39.68 (C$44.00). I believe National Bank of Canada could be a good pick below $40 based on the intensive insider buying.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in NTIOF over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.