Bank of Nova Scotia (TSE:BNS) Share Price Crosses Above 200-Day Moving Average of $62.93

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS's share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$62.93 and traded as high as C$63.57. Bank of Nova Scotia shares last traded at C$63.15, with a volume of 7,662,848 shares.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. TD Securities lifted their price target on shares of Bank of Nova Scotia from C$64.00 to C$65.00 and gave the stock a "hold" rating in a research report on Wednesday, February 28th. Desjardins lifted their price target on shares of Bank of Nova Scotia from C$64.00 to C$68.00 and gave the stock a "hold" rating in a research report on Wednesday, February 28th. National Bankshares lifted their price target on shares of Bank of Nova Scotia from C$66.00 to C$67.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 28th. CIBC decreased their price target on shares of Bank of Nova Scotia from C$66.00 to C$64.00 and set a "neutral" rating on the stock in a research report on Friday, March 8th. Finally, Royal Bank of Canada lifted their price objective on shares of Bank of Nova Scotia from C$62.00 to C$64.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of C$66.97.

Bank of Nova Scotia Stock Performance

The firm's 50 day moving average is C$66.49 and its 200-day moving average is C$62.93. The firm has a market cap of C$77.62 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 1.33 and a beta of 0.96.

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

Bank of Nova Scotia Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Tuesday, April 2nd will be paid a $1.06 dividend. This represents a $4.24 annualized dividend and a dividend yield of 6.66%. The ex-dividend date is Monday, April 1st. Bank of Nova Scotia's payout ratio is presently 69.39%.

About Bank of Nova Scotia

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.