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

Key Points

• Bank of Nova Scotia shares reached a new 52-week high of C$128.81 and last traded at C$128.18, up sharply from the prior close of C$120.29.
• Analyst sentiment remains cautious: two analysts rate the stock Buy and ten rate it Hold, while the average price target is C$121.64—below the current share price. Targets range from C$117 to C$137.
• The bank reported quarterly EPS of C$2.28 on C$10.54 billion in revenue and raised its quarterly dividend to C$1.14, equivalent to a 3.5% annualized yield.

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS's share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$128.81 and last traded at C$128.18, with a volume of 2935824 shares. The stock had previously closed at C$120.29.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. National Bank Financial set a C$128.00 price target on Bank of Nova Scotia and gave the company a "sector perform" rating in a report on Monday. TD lifted their price objective on Bank of Nova Scotia from C$113.00 to C$124.00 and gave the company a "hold" rating in a research report on Wednesday, August 12th. Barclays raised their price objective on shares of Bank of Nova Scotia from C$110.00 to C$130.00 in a research report on Friday. Raymond James Financial increased their target price on Bank of Nova Scotia from C$121.00 to C$137.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group boosted their target price on shares of Bank of Nova Scotia from C$112.00 to C$117.00 and gave the stock a "hold" rating in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of C$121.64.

Bank of Nova Scotia Price Performance

The company's 50-day simple moving average is C$123.18 and its 200 day simple moving average is C$110.51. The firm has a market cap of C$156.87 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last released its quarterly earnings results on Tuesday, August 25th. The bank reported C$2.28 EPS for the quarter. The company had revenue of C$10.54 billion during the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%. Analysts anticipate that The Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Bank of Nova Scotia Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 29th were paid a $1.14 dividend. This is an increase from Bank of Nova Scotia's previous quarterly dividend of $1.10. This represents a $4.56 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, July 7th. Bank of Nova Scotia's payout ratio is currently 60.69%.

About Bank of Nova Scotia

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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