Cormark Equities Analysts Boost Earnings Estimates for BNS

The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS - Investment analysts at Cormark upped their FY2026 earnings per share (EPS) estimates for Bank of Nova Scotia in a report issued on Tuesday, May 27th. Cormark analyst L. Persaud now anticipates that the bank will earn $5.60 per share for the year, up from their prior forecast of $5.59. The consensus estimate for Bank of Nova Scotia's current full-year earnings is $4.91 per share.

Several other equities analysts have also recently issued reports on the company. Royal Bank of Canada decreased their price objective on Bank of Nova Scotia from $83.00 to $81.00 and set a "sector perform" rating for the company in a report on Wednesday, February 26th. Bank of America downgraded Bank of Nova Scotia from a "buy" rating to a "neutral" rating in a report on Monday, March 31st. Cibc World Mkts cut shares of Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. CIBC reaffirmed a "neutral" rating on shares of Bank of Nova Scotia in a report on Tuesday, February 18th. Finally, Wall Street Zen upgraded shares of Bank of Nova Scotia from a "sell" rating to a "hold" rating in a research note on Friday. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Bank of Nova Scotia has an average rating of "Hold" and an average price target of $81.00.

Bank of Nova Scotia Stock Performance

NYSE:BNS traded down $0.15 during mid-day trading on Thursday, hitting $53.38. The company's stock had a trading volume of 609,045 shares, compared to its average volume of 1,696,708. The business's fifty day moving average is $49.10 and its two-hundred day moving average is $51.06. The stock has a market cap of $66.48 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 1.16 and a beta of 1.11. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03. Bank of Nova Scotia has a 1 year low of $43.68 and a 1 year high of $57.07.

Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS last released its quarterly earnings data on Tuesday, May 27th. The bank reported $1.06 earnings per share for the quarter, missing analysts' consensus estimates of $1.14 by ($0.08). Bank of Nova Scotia had a return on equity of 11.56% and a net margin of 10.20%. The business had revenue of $6.59 billion during the quarter, compared to analyst estimates of $8.98 billion. During the same quarter in the previous year, the company earned $1.58 EPS. The firm's revenue was up 8.8% compared to the same quarter last year.

Institutional Trading of Bank of Nova Scotia

Institutional investors and hedge funds have recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp acquired a new stake in Bank of Nova Scotia in the 4th quarter valued at $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Bank of Nova Scotia during the fourth quarter worth $31,000. Allworth Financial LP lifted its holdings in Bank of Nova Scotia by 121.1% during the fourth quarter. Allworth Financial LP now owns 639 shares of the bank's stock valued at $33,000 after purchasing an additional 350 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of Bank of Nova Scotia in the first quarter valued at about $52,000. Finally, Independence Bank of Kentucky grew its position in shares of Bank of Nova Scotia by 38.4% in the first quarter. Independence Bank of Kentucky now owns 1,175 shares of the bank's stock valued at $56,000 after purchasing an additional 326 shares during the period. 49.13% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Nova Scotia Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Wednesday, July 2nd will be issued a $0.7996 dividend. This is a positive change from Bank of Nova Scotia's previous quarterly dividend of $0.74. This represents a $3.20 annualized dividend and a yield of 5.99%. The ex-dividend date is Wednesday, July 2nd. Bank of Nova Scotia's dividend payout ratio (DPR) is presently 89.44%.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.