National Bank Financial Predicts BNS FY2025 Earnings

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Stock analysts at National Bank Financial raised their FY2025 earnings estimates for Bank of Nova Scotia in a report released on Tuesday, February 25th. National Bank Financial analyst G. Dechaine now forecasts that the bank will earn $4.86 per share for the year, up from their prior estimate of $4.83. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.91 per share.

Several other analysts have also recently commented on the company. Canaccord Genuity Group upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Canaccord Genuity Group raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. TD Securities upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Cibc World Mkts lowered shares of Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, UBS Group upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $75.50.

Bank of Nova Scotia Stock Down 1.4 %

BNS opened at $49.68 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.59. Bank of Nova Scotia has a twelve month low of $43.67 and a twelve month high of $57.07. The company has a market cap of $61.87 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.16 and a beta of 1.07. The company has a 50-day moving average price of $51.72 and a 200 day moving average price of $52.35.

Institutional Trading of Bank of Nova Scotia

Hedge funds and other institutional investors have recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new position in Bank of Nova Scotia in the fourth quarter worth approximately $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Bank of Nova Scotia during the 4th quarter worth $31,000. Allworth Financial LP increased its position in shares of Bank of Nova Scotia by 121.1% during the 4th quarter. Allworth Financial LP now owns 639 shares of the bank’s stock worth $33,000 after purchasing an additional 350 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Bank of Nova Scotia by 1,588.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 861 shares of the bank’s stock valued at $47,000 after buying an additional 810 shares during the period. Finally, Fortitude Family Office LLC acquired a new position in Bank of Nova Scotia in the fourth quarter valued at about $73,000. Institutional investors and hedge funds own 49.13% of the company’s stock.

Bank of Nova Scotia Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be paid a $0.7415 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.97 annualized dividend and a dividend yield of 5.97%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 68.06%.

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.