Bank of Nova Scotia (NYSE:BNS) Stock Purchased by Rep. Gilbert Ray Cisneros, Jr.

Key Points

• Rep. Gilbert Ray Cisneros, Jr. disclosed buying $1,001–$15,000 of Bank of Nova Scotia shares on October 9 in a trust account.
• The bank’s latest reported quarter beat earnings and revenue expectations, with revenue up 11.1% year over year; shares traded down 0.7% in Thursday’s session.
• Scotiabank authorized repurchasing up to 40 million shares (3.3% of outstanding stock) and pays an annualized dividend yielding about 4.9%. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $105.50.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Bank of Nova Scotia (The) (NYSE:BNS). In a filing disclosed on November 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Bank of Nova Scotia stock on October 9th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of BridgeBio Pharma NASDAQ: BBIO on 11/2/2026.
• Purchased $1,001 - $15,000 in shares of argenex NASDAQ: ARGX on 10/27/2026.
• Sold $1,001 - $15,000 in shares of Illumina NASDAQ: ILMN on 10/27/2026.
• Sold $1,001 - $15,000 in shares of Revvity NYSE: RVTY on 10/27/2026.
• Sold $15,001 - $50,000 in shares of PTC NASDAQ: PTC on 10/27/2026.
• Purchased $1,001 - $15,000 in shares of BridgeBio Pharma NASDAQ: BBIO on 10/27/2026.
• Purchased $1,001 - $15,000 in shares of MACOM Technology Solutions NASDAQ: MTSI on 10/27/2026.
• Sold $1,001 - $15,000 in shares of Micron Solutions OTCMKTS: MICR on 10/21/2026.
• Sold $1,001 - $15,000 in shares of Ciena NYSE: CIEN on 10/21/2026.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 10/21/2026.

Bank of Nova Scotia Trading Down 0.7%

Shares of Bank of Nova Scotia stock traded down $0.62 during trading on Thursday, reaching $92.69. 416,715 shares of the company were exchanged, compared to its average volume of 2,215,685. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.98. Bank of Nova Scotia has a twelve month low of $65.99 and a twelve month high of $96.85. The business has a 50-day moving average price of $92.47 and a 200-day moving average price of $83.12. The firm has a market capitalization of $112.69 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 0.93 and a beta of 1.14.

Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS last released its earnings results on Tuesday, August 25th. The bank reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.11. Bank of Nova Scotia had a return on equity of 16.12% and a net margin of 13.91%. The firm had revenue of $7.52 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same quarter in the prior year, the firm posted $1.84 earnings per share. The company's quarterly revenue was up 11.1% on a year-over-year basis. Sell-side analysts anticipate that Bank of Nova Scotia will post 6.19 EPS for the current fiscal year.

Bank of Nova Scotia declared that its board has initiated a stock buyback program on Friday, October 2nd that authorizes the company to buy back 40,000,000 shares. This repurchase authorization authorizes the bank to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Bank of Nova Scotia Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Tuesday, October 6th were given a dividend of C$1.14 per share. The ex-dividend date was Tuesday, October 6th. This represents a $4.56 annualized dividend and a dividend yield of 4.9%. Bank of Nova Scotia's payout ratio is presently 57.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. National Bank Financial raised shares of Bank of Nova Scotia from a "sector perform" rating to an "outperform" rating in a research note on Wednesday, August 26th. Keefe, Bruyette & Woods started coverage on shares of Bank of Nova Scotia in a research report on Friday, August 21st. They set an "outperform" rating on the stock. TD Securities raised shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating in a report on Tuesday, August 25th. TD raised Bank of Nova Scotia to a "buy" rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings upgraded Bank of Nova Scotia from a "buy (a-)" rating to a "buy (a)" rating in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $105.50.

Institutional Investors Weigh In On Bank of Nova Scotia

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Andra AP fonden grew its stake in shares of Bank of Nova Scotia by 2.7% during the 2nd quarter. Andra AP fonden now owns 220,260 shares of the bank's stock worth $19,127,000 after acquiring an additional 5,700 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Bank of Nova Scotia during the 2nd quarter worth approximately $6,974,000. PensionDanmark Pensionsforsikringsaktieselskab raised its stake in Bank of Nova Scotia by 9.3% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 178,226 shares of the bank's stock valued at $15,460,000 after acquiring an additional 15,100 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Bank of Nova Scotia during the 2nd quarter worth about $354,379,000. Finally, Bank of America Corp DE acquired a new stake in Bank of Nova Scotia during the second quarter worth approximately $224,782,000. 49.13% of the stock is currently owned by institutional investors and hedge funds.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational financial institution founded in Halifax in 1832 and headquartered in Toronto. It serves individuals, businesses, and institutional clients through banking and financial services. Its main activities include Canadian and international personal and commercial banking, wealth management, and global banking and markets. Products and services include deposit accounts, mortgages, loans, credit cards, investment and financial advice, and corporate banking and capital-markets services.

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