Cormark Lowers Earnings Estimates for Bank of Nova Scotia

The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS - Equities research analysts at Cormark dropped their FY2025 earnings per share estimates for shares of Bank of Nova Scotia in a research note issued on Wednesday, February 26th. Cormark analyst L. Persaud now forecasts that the bank will post earnings of $4.85 per share for the year, down from their previous forecast of $4.94. The consensus estimate for Bank of Nova Scotia's current full-year earnings is $4.91 per share. Cormark also issued estimates for Bank of Nova Scotia's FY2026 earnings at $5.57 EPS.

Other research analysts also recently issued research reports about the company. UBS Group raised Bank of Nova Scotia from a "neutral" rating to a "buy" rating in a report on Monday, November 18th. Royal Bank of Canada lowered their target price on shares of Bank of Nova Scotia from $83.00 to $81.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 26th. Cibc World Mkts lowered shares of Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Barclays upgraded shares of Bank of Nova Scotia from an "underweight" rating to an "equal weight" rating in a research note on Thursday, November 21st. Finally, Bank of America upgraded Bank of Nova Scotia from a "neutral" rating to a "buy" rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $75.50.

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Bank of Nova Scotia Stock Down 0.5 %

Shares of NYSE:BNS traded down $0.25 during midday trading on Thursday, reaching $49.38. The company had a trading volume of 1,370,216 shares, compared to its average volume of 1,859,958. The stock has a market capitalization of $61.50 billion, a P/E ratio of 11.43, a PEG ratio of 1.16 and a beta of 1.07. The stock's fifty day moving average price is $51.64 and its 200-day moving average price is $52.48. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03. Bank of Nova Scotia has a one year low of $43.67 and a one year high of $57.07.

Bank of Nova Scotia Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.7415 per share. This represents a $2.97 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date is Tuesday, April 1st. Bank of Nova Scotia's dividend payout ratio (DPR) is 82.20%.

Institutional Investors Weigh In On Bank of Nova Scotia

Institutional investors have recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp bought a new position in shares of Bank of Nova Scotia in the fourth quarter valued at approximately $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Bank of Nova Scotia during the 4th quarter valued at $31,000. Allworth Financial LP raised its stake in shares of Bank of Nova Scotia by 121.1% in the 4th quarter. Allworth Financial LP now owns 639 shares of the bank's stock worth $33,000 after buying an additional 350 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of 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 buying an additional 810 shares during the period. Finally, Fortitude Family Office LLC bought a new position in Bank of Nova Scotia during 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 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.