Bank of Nova Scotia (TSE:BNS) Reaches New 52-Week High - Should You Buy?

Key Points

• The Bank of Nova Scotia stock hit a new 52-week high of C$107.73 during mid-day trading and last traded at C$106.75 on a volume of 626,043 shares.
• Analysts have a consensus rating of Hold with an average target price of C$106.62; one analyst rates it Buy while ten rate it Hold, and targets range up to C$120 (UBS).
• Scotiabank reported quarterly EPS of C$2.05, has a market cap of C$131.31 billion and a P/E of 15.82, and pays an annualized dividend of C$4.40 for a 4.1% dividend yield with a payout ratio of 64.69%.

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS's stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$107.73 and last traded at C$106.75, with a volume of 626043 shares traded. The stock had previously closed at C$106.92.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BNS shares. National Bank Financial dropped their target price on Bank of Nova Scotia from C$102.00 to C$100.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 25th. Canadian Imperial Bank of Commerce boosted their target price on Bank of Nova Scotia from C$108.00 to C$109.00 in a report on Thursday, March 5th. BMO Capital Markets boosted their target price on Bank of Nova Scotia from C$98.00 to C$101.00 and gave the stock a "market perform" rating in a report on Wednesday, February 25th. UBS Group boosted their target price on Bank of Nova Scotia from C$118.00 to C$120.00 in a report on Wednesday, February 25th. Finally, Jefferies Financial Group boosted their target price on Bank of Nova Scotia from C$97.00 to C$104.00 in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Bank of Nova Scotia presently has a consensus rating of "Hold" and an average target price of C$106.62.

Bank of Nova Scotia Stock Performance

The firm has a market capitalization of C$131.31 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23. The firm has a 50 day moving average price of C$99.82 and a two-hundred day moving average price of C$99.13.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last released its quarterly earnings data on Tuesday, February 24th. The bank reported C$2.05 earnings per share for the quarter. The business had revenue of C$10.08 billion during the quarter. Bank of Nova Scotia had a return on equity of 10.41% and a net margin of 14.45%. Equities research analysts forecast that The Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Bank of Nova Scotia Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 28th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $4.40 annualized dividend and a dividend yield of 4.1%. Bank of Nova Scotia's dividend payout ratio (DPR) is currently 64.69%.

Bank of Nova Scotia Company Profile

Scotiabank's vision is to be our clients' most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: 'for every future,' we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at January 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange TSX: BNS and New York Stock Exchange NYSE: BNS.

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