Bank of Nova Scotia (TSE:BNS) Stock Crosses Above 200 Day Moving Average of $62.75

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS's stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$62.75 and traded as high as C$64.80. Bank of Nova Scotia shares last traded at C$64.22, with a volume of 2,766,852 shares changing hands.

Wall Street Analysts Forecast Growth

BNS has been the subject of a number of research analyst reports. TD Securities boosted their target price on Bank of Nova Scotia from C$64.00 to C$65.00 and gave the company a "hold" rating in a research note on Wednesday, February 28th. Jefferies Financial Group boosted their target price on Bank of Nova Scotia from C$63.00 to C$66.00 and gave the company a "hold" rating in a research note on Wednesday, February 28th. Canaccord Genuity Group boosted their target price on Bank of Nova Scotia from C$65.00 to C$67.50 and gave the company a "hold" rating in a research note on Wednesday, February 28th. CIBC decreased their target price on Bank of Nova Scotia from C$66.00 to C$64.00 and set a "neutral" rating for the company in a research note on Friday, March 8th. Finally, National Bankshares boosted their target price on Bank of Nova Scotia from C$66.00 to C$67.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of C$66.97.

Bank of Nova Scotia Stock Down 0.1 %

The firm has a market cap of C$78.25 billion, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 1.33 and a beta of 0.96. The firm has a fifty day moving average of C$66.41 and a 200-day moving average of C$62.76.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last released its earnings results on Tuesday, February 27th. The bank reported C$1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.61 by C$0.08. Bank of Nova Scotia had a return on equity of 10.20% and a net margin of 26.75%. The business had revenue of C$8.43 billion for the quarter, compared to analyst estimates of C$8.12 billion. On average, equities analysts forecast that The Bank of Nova Scotia will post 6.5752475 EPS for the current year.

Bank of Nova Scotia Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Tuesday, April 2nd will be paid a $1.06 dividend. The ex-dividend date of this dividend is Monday, April 1st. This represents a $4.24 annualized dividend and a yield of 6.61%. Bank of Nova Scotia's dividend payout ratio is 69.39%.

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.