The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS - Equities researchers at National Bank Financial lowered their Q2 2025 EPS estimates for Bank of Nova Scotia in a research note issued to investors on Thursday, May 15th. National Bank Financial analyst G. Dechaine now forecasts that the bank will post earnings per share of $1.14 for the quarter, down from their previous estimate of $1.19. The consensus estimate for Bank of Nova Scotia's current full-year earnings is $4.91 per share.
Other research analysts have also recently issued reports about the stock. CIBC reissued a "neutral" rating on shares of Bank of Nova Scotia in a research note on Tuesday, February 18th. Royal Bank of Canada decreased their price objective on shares of Bank of Nova Scotia from $83.00 to $81.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 26th. Bank of America cut shares of Bank of Nova Scotia from a "buy" rating to a "neutral" rating in a research note on Monday, March 31st. Finally, 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. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Bank of Nova Scotia currently has a consensus rating of "Hold" and a consensus price target of $81.00.
Read Our Latest Research Report on BNS
Bank of Nova Scotia Stock Performance
Shares of NYSE:BNS opened at $51.44 on Monday. The company's 50 day simple moving average is $48.27 and its 200 day simple moving average is $51.14. The stock has a market capitalization of $64.08 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth 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 Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.7415 per share. The ex-dividend date was Tuesday, April 1st. This represents a $2.97 dividend on an annualized basis and a dividend yield of 5.77%. Bank of Nova Scotia's payout ratio is presently 83.05%.
Institutional Trading of Bank of Nova Scotia
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC lifted its holdings in shares of Bank of Nova Scotia by 27.5% during the third quarter. Barclays PLC now owns 214,957 shares of the bank's stock worth $11,712,000 after purchasing an additional 46,421 shares during the period. Ritholtz Wealth Management increased its stake in Bank of Nova Scotia by 55.2% during the 4th quarter. Ritholtz Wealth Management now owns 9,451 shares of the bank's stock valued at $508,000 after purchasing an additional 3,360 shares in the last quarter. Merit Financial Group LLC grew its stake in shares of Bank of Nova Scotia by 5.8% in the 4th quarter. Merit Financial Group LLC now owns 4,905 shares of the bank's stock worth $264,000 after acquiring an additional 271 shares in the last quarter. Addenda Capital Inc. grew its stake in shares of Bank of Nova Scotia by 4.0% in the 4th quarter. Addenda Capital Inc. now owns 1,175,246 shares of the bank's stock worth $63,134,000 after acquiring an additional 44,692 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its position in Bank of Nova Scotia by 28.3% during the fourth quarter. Atomi Financial Group Inc. now owns 11,065 shares of the bank's stock valued at $594,000 after buying an additional 2,439 shares during the period. Institutional investors own 49.13% of the company's stock.
Bank of Nova Scotia Company Profile
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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.
Further Reading
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