NATIONAL AUSTRALIA BANK LIMITED (NAB)
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NAB - NATIONAL AUSTRALIA BANK LIMITED

FNArena Sector : Banks
Year End: September
GICS Industry Group : Banks
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

National Australia Bank is the third largest Australian bank by market capitalisation. First listed in 1974 it became the NAB in 1982 with the merger of National Bank of Australasia and the Commercial Banking Company of Sydney.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$26.39

05 Mar
2021

0.080

OPEN

$26.37

0.30%

HIGH

$26.48

8,154,056

LOW

$26.05

TARGET
$26.379 0.0% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . ANZ . BEN . BOQ . CBA . SUN . WBC . GMA . MOC . AFG . MYS . RMC . VUK .
MARKET CONSENSUS FORECAST
NAB: 1
Title FY19
Actual		 FY20
Actual		 FY21
Forecast		 FY22
Forecast
EPS (cps) xxx 120.9 171.1 xxx
DPS (cps) xxx 60.0 118.0 xxx
EPS Growth xxx - 32.4% 41.6% xxx
DPS Growth xxx - 63.9% 96.7% xxx
PE Ratio xxx N/A 15.4 xxx
Dividend Yield xxx N/A 4.5% xxx
Div Pay Ratio(%) xxx 49.6% 68.9% xxx

Dividend yield today if purchased 3 years ago: 2.02%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.27

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 14/11 - 83c (100%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Credit Suisse

17/02/2021

1

Outperform

$27.00

2.31%

National Australia Bank's first-quarter update prompts Credit Suisse to lower its forecasts for bad debts, in turn leading to earnings upgrades of 6-12% across the forecast period. 

In addition to lowering its bad debt assumptions, the broker has incorporated a $3bn buyback into the forecasts, spread evenly across FY22-23.

Credit Suisse likes the bank as one of the recovery plays in the sector that is also likely to have a capital management thematic emerge over FY22-23.

Outperform rating with the target price rising to $27 from $26.

FORECAST
Credit Suisse forecasts a full year FY21 dividend of 109.00 cents and EPS of 166.00 cents.
Credit Suisse forecasts a full year FY22 dividend of 127.00 cents and EPS of 180.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

NAB STOCK CHART

FNArena News on NAB

1
Rudi’s View: A Supercycle In Dividends

Feb 25 2021 - Rudi's View
2
Makeover Of The Investment Platform Sector

Feb 18 2021 - Weekly Reports
3
Rudi’s View: February – Reason For Optimism

Feb 04 2021 - Rudi's View
4
Weekly Ratings, Targets, Forecast Changes – 29-01-21

Feb 01 2021 - Weekly Reports
5
Weekly Ratings, Targets, Forecast Changes – 22-01-21

Jan 25 2021 - Weekly Reports

Latest Banks News

1
Bank Of Queensland Scaling Up

Feb 23 2021 - Australia
2
Westpac Between APRA And A Hard Place

Dec 09 2020 - Australia
3
The Dilemma For Bank Investors

Nov 18 2020 - Australia
4
Bendigo & Adelaide Bank In A Holding Pattern

Oct 28 2020 - Australia
5
Bank Of Qld Outlook Hangs In The Balance

Oct 16 2020 - Australia
6
CBA: Expensive And Justified, Or Maybe Not?

Oct 09 2020 - Australia
7
Australian Banks: Back To The Future

Sep 30 2020 - Feature Stories
8
Bank Of Queensland Veers Conservatively

Sep 30 2020 - Australia
9
Rudi’s View: All Eyes On November 3

Sep 24 2020 - Rudi's View
10
Bank Recovery Likely To Be Drawn Out

Sep 15 2020 - Australia