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    NAB   AU000000NAB4

NATIONAL AUSTRALIA BANK LIMITED

(NAB)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 09/24
27.35 AUD   +1.03%
09/24Dollar hovers near one-week low as Evergrande questions persist
RE
09/23China steps up Australian wheat imports despite trade standoff
RE
09/22PODCAST : Taking ‘Four Daughters' to the world
PU
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National Australia Bank Plans A$2.5 Billion On-Market Share Buyback

07/29/2021 | 05:15pm EDT

By Alice Uribe

SYDNEY--National Australia Bank Ltd. plans a 2.5 billion Australian-dollar (US$1.85 billion) on-market share buyback and to purchase shares on-market alongside its dividend reinvestment plan.

The lender on Friday said the buyback will start in mid-to-late August and would help move its Common Equity Tier 1 capital ratio towards its target range of 10.75-11.25%.

"Our target CET1 range reflects a balance between retaining a strong balance sheet through the cycle, supporting growth and recognizing the importance of capital discipline to improve shareholder returns," NAB Chief Executive Ross McEwan said.

"We consider the on-market buyback to be the most appropriate mechanism to achieve our previously stated bias towards reducing share count."

NAB had a reported CET1 capital ratio of 12.37% at Level 2 and 12.40% at Level 1 at the end of March. The buyback will reduce the CET1 capital ratio at Level 2 by around 60 basis points, the lender said.

The timing and number of shares purchased under the buyback will depend on market conditions, the prevailing share price and other considerations, NAB said.

Write to Alice Uribe at alice.uribe@wsj.com

(END) Dow Jones Newswires

07-29-21 1915ET

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Analyst Recommendations on NATIONAL AUSTRALIA BANK LIMITED
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Financials
Sales 2021 16 938 M 12 293 M 12 293 M
Net income 2021 6 169 M 4 477 M 4 477 M
Net Debt 2021 - - -
P/E ratio 2021 15,1x
Yield 2021 4,50%
Capitalization 89 592 M 64 927 M 65 026 M
Capi. / Sales 2021 5,29x
Capi. / Sales 2022 5,09x
Nbr of Employees 31 696
Free-Float 99,0%
Chart NATIONAL AUSTRALIA BANK LIMITED
Duration : Period :
National Australia Bank Limited Technical Analysis Chart | NAB | AU000000NAB4 | MarketScreener
Technical analysis trends NATIONAL AUSTRALIA BANK LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 27,35 AUD
Average target price 28,56 AUD
Spread / Average Target 4,42%
EPS Revisions
Managers and Directors
Ross Maxwell McEwan Group CEO, Managing Director & Director
Gary A. Lennon Group Chief Financial Officer
Philip Wayne Chronican Chairman
Patrick C. Wright Chief Technology Officer
Leslie Durno Matheson Chief Operating Officer
Sector and Competitors