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.
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%|
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|
There have been 15,236 shares purchased, and there have been 184,377 shares sold by insiders since January 2013.
National Bank Of Canada reported the fiscal 2014 first-quarter, which ended January 31, financial results on February 24 with the following highlights:
|Net income||$405 million|
|Book value||$23.68 per share|
(Source: Earnings presentation)
|Qtrly Rev Growth (yoy):||0.09||0.04||0.09||0.09|
|PEG (5 yr expected):||1.02||1.13||0.97||1.21|
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|
Only National Bank of Canada has seen intensive insider buying during the last 30 days.
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.