BNS FY2025 EPS Forecast Lowered by National Bank Financial

The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS - Analysts at National Bank Financial lowered their FY2025 earnings estimates for Bank of Nova Scotia in a research note issued on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now forecasts that the bank will post earnings of $5.04 per share for the year, down from their previous forecast of $5.05. The consensus estimate for Bank of Nova Scotia's current full-year earnings is $4.75 per share.

A number of other research analysts also recently issued reports on the stock. Barclays raised shares of Bank of Nova Scotia from an "underweight" rating to an "equal weight" rating in a research report on Thursday. Bank of America upgraded shares of Bank of Nova Scotia from a "neutral" rating to a "buy" rating in a report on Tuesday. UBS Group upgraded shares of Bank of Nova Scotia from a "neutral" rating to a "buy" rating in a research note on Monday. Cibc World Mkts raised Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 20th. Finally, TD Securities raised Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Bank of Nova Scotia presently has an average rating of "Moderate Buy" and an average target price of $69.00.

Bank of Nova Scotia Trading Up 0.4 %

Bank of Nova Scotia stock traded up $0.23 during mid-day trading on Friday, reaching $56.45. 754,597 shares of the company traded hands, compared to its average volume of 1,778,979. 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's 50 day moving average price is $53.33 and its 200 day moving average price is $49.34. The firm has a market capitalization of $70.25 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 1.67 and a beta of 1.05. Bank of Nova Scotia has a 52-week low of $41.80 and a 52-week high of $56.71.

Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS last posted its quarterly earnings results on Tuesday, August 27th. The bank reported $1.63 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $8.53 billion. During the same period last year, the firm posted $1.30 earnings per share. The business's revenue was up 3.7% compared to the same quarter last year.

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. This represents a $3.07 annualized dividend and a yield of 5.44%. The ex-dividend date was Wednesday, October 2nd. Bank of Nova Scotia's dividend payout ratio is 74.88%.

Institutional Investors Weigh In On Bank of Nova Scotia

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Bank of Nova Scotia by 260.1% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 5,480,486 shares of the bank's stock worth $298,575,000 after purchasing an additional 3,958,580 shares during the period. Pathway Financial Advisers LLC boosted its stake in Bank of Nova Scotia by 5,380.9% in the 3rd quarter. Pathway Financial Advisers LLC now owns 3,972,234 shares of the bank's stock worth $216,447,000 after purchasing an additional 3,899,760 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Bank of Nova Scotia in the 2nd quarter worth approximately $120,463,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Bank of Nova Scotia by 24.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,757,961 shares of the bank's stock worth $640,624,000 after purchasing an additional 2,346,995 shares during the period. Finally, Toronto Dominion Bank boosted its stake in Bank of Nova Scotia by 9.6% in the 3rd quarter. Toronto Dominion Bank now owns 24,990,868 shares of the bank's stock worth $1,361,752,000 after purchasing an additional 2,195,604 shares during the period. 49.13% of the stock is owned by hedge funds and other institutional investors.

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.