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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.

(click to enlarge)

Insider buying during the last 30 days

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

NameTitleTrade DateShares PurchasedCurrent OwnershipIncrease In Shares
Maryse BertrandDirectorFeb 182313,061 shares+8.2%
Lawrence BloombergDirectorFeb 181633,533 shares+4.8%
Pierre BoivinDirectorFeb 1819712,705 shares+1.6%
André CailléDirectorFeb 1827110,583 shares+2.6%
Gérard CoulombeDirectorFeb 1820815,380 shares+1.4%
Bernard CyrDirectorFeb 1838817,950 shares+2.2%
Gillian DenhamDirectorFeb 1817912,121 shares+1.5%
Jean DouvilleChairmanFeb 182041,576 shares+14.9%
Richard FortinDirectorFeb 183233,939 shares+8.9%
Paul GobeilDirectorFeb 1822618,098 shares+1.3%
Jean HoudeDirectorFeb 1823813,016 shares+1.9%
Louise LaflammeDirectorFeb 1823916,563 shares+1.5%
Roseann RunteDirectorFeb 1818713,011 shares+1.5%
Lino SaputoDirectorFeb 182073,773 shares+5.8%
Pierre ThabetDirectorFeb 182152,353 shares+10.1%

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.

MonthInsider buying / sharesInsider selling / shares
February 20143,4760
January 201400
December 20133,486153,600
November 20131,7400
October 201300
September 2013027,777
August 20131,8933,000
July 201300
June 201300
May 20131,7690
April 20135000
March 20137600
February 20131,6120
January 201300

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

(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.

CompanyNTIOFBMOBNSRY
Market Cap:12.93B42.15B69.69B93.21B
Employees:19,78445,63183,87474,117
Qtrly Rev Growth (yoy):0.090.040.090.09
Revenue:5.18B16.15B20.86B30.86B
Operating Margin:0.370.370.420.37
Net Income:1.50B4.18B6.44B8.28B
EPS:4.596.455.335.69
P/E:8.6210.1310.7711.36
PEG (5 yr expected):1.021.130.971.21
P/S:2.532.633.383.06

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.

CompanyInsider buying / sharesInsider selling / shares
BMO024,961
BNS00
RY0147,117

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.

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