BNS FY2025 EPS Forecast Reduced by National Bank Financial

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Analysts at National Bank Financial lowered their FY2025 EPS estimates for Bank of Nova Scotia in a note issued to investors on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now anticipates that the bank will earn $5.04 per share for the year, down from their prior estimate of $5.05. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.75 per share.

BNS has been the subject of several other research reports. Cibc World Mkts raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 20th. Barclays raised shares of Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a research note on Thursday. UBS Group raised shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Monday. Bank of America raised shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Tuesday. Finally, Canaccord Genuity Group raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

Bank of Nova Scotia Trading Down 0.0 %

Shares of BNS stock opened at $56.29 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $70.05 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. The company has a 50-day moving average of $53.33 and a two-hundred day moving average of $49.34. Bank of Nova Scotia has a 1-year low of $41.80 and a 1-year high of $56.71.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last announced its quarterly earnings data on Tuesday, August 27th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.01. Bank of Nova Scotia had a net margin of 9.84% and a return on equity of 11.14%. The firm had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the prior year, the firm posted $1.30 earnings per share. Bank of Nova Scotia’s quarterly revenue was up 3.7% on a year-over-year basis.

Bank of Nova Scotia Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Wednesday, October 2nd were issued a $0.768 dividend. The ex-dividend date was Wednesday, October 2nd. This represents a $3.07 annualized dividend and a yield of 5.46%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 74.88%.

Institutional Trading of Bank of Nova Scotia

Hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. raised its holdings in Bank of Nova Scotia by 1,388.9% in the second quarter. Mather Group LLC. now owns 536 shares of the bank’s stock valued at $25,000 after acquiring an additional 500 shares in the last quarter. Blue Trust Inc. raised its holdings in Bank of Nova Scotia by 3,127.8% in the second quarter. Blue Trust Inc. now owns 581 shares of the bank’s stock valued at $27,000 after acquiring an additional 563 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Bank of Nova Scotia by 1,588.2% in the third quarter. BNP Paribas Financial Markets now owns 861 shares of the bank’s stock valued at $47,000 after acquiring an additional 810 shares in the last quarter. City State Bank acquired a new stake in Bank of Nova Scotia in the third quarter valued at approximately $57,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Bank of Nova Scotia by 102.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the bank’s stock valued at $83,000 after acquiring an additional 811 shares in the last quarter. Institutional investors and hedge funds own 49.13% of the company’s stock.

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.