Bank of Nova Scotia (TSE:BNS) Insider Julie Walsh Sells 3,716 Shares

Key Points

• Insider sale: Director Julie Walsh sold 3,716 shares of Bank of Nova Scotia on December 15 at an average price of C$100.62 (≈C$373,904), reducing her direct holding by about 72.21% to 1,430 shares valued ≈C$143,887.
• Stock and dividend context: BNS is trading around C$100.55 (near its one‑year high), has a market cap of C$125.24B, a P/E of 17.7, and pays a quarterly dividend that annualizes to C$4.40 (a 4.4% yield

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS insider Julie Walsh sold 3,716 shares of Bank of Nova Scotia stock in a transaction on Monday, December 15th. The stock was sold at an average price of C$100.62, for a total value of C$373,903.92. Following the sale, the insider directly owned 1,430 shares of the company's stock, valued at approximately C$143,886.60. This trade represents a 72.21% decrease in their ownership of the stock.

Julie Walsh also recently made the following trade(s):

• On Monday, December 15th, Julie Walsh sold 2,767 shares of Bank of Nova Scotia stock. The shares were sold at an average price of C$100.62, for a total value of C$278,415.54.

Bank of Nova Scotia Stock Performance

BNS traded up C$0.38 during midday trading on Monday, reaching C$100.55. 743,435 shares of the company were exchanged, compared to its average volume of 4,719,772. The stock has a market capitalization of C$125.24 billion, a P/E ratio of 17.73, a PEG ratio of 1.33 and a beta of 1.35. The Bank of Nova Scotia has a one year low of C$62.57 and a one year high of C$100.94. The stock's 50-day simple moving average is C$93.65 and its 200 day simple moving average is C$84.63.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last announced its quarterly earnings results on Tuesday, December 2nd. The bank reported C$1.93 EPS for the quarter. Bank of Nova Scotia had a return on equity of 9.64% and a net margin of 17.68%.The company had revenue of C$9.77 billion during the quarter. On average, research analysts anticipate that The Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Bank of Nova Scotia Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 29th were issued a $1.10 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $4.40 annualized dividend and a yield of 4.4%. Bank of Nova Scotia's dividend payout ratio (DPR) is 76.19%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Bank of Nova Scotia from C$78.00 to C$88.00 in a report on Wednesday, August 27th. Barclays raised their price target on Bank of Nova Scotia from C$95.00 to C$97.00 in a research report on Wednesday, December 3rd. National Bankshares set a C$81.00 price objective on Bank of Nova Scotia and gave the company a "sector perform" rating in a report on Monday, September 22nd. Canaccord Genuity Group increased their target price on Bank of Nova Scotia from C$98.00 to C$100.00 in a research note on Wednesday, December 3rd. Finally, TD Securities raised their target price on shares of Bank of Nova Scotia from C$93.00 to C$99.00 in a report on Monday, November 10th. Four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$92.00.

Bank of Nova Scotia Company Profile

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

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