National Bank Financial Weighs in on BNS FY2025 Earnings

The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS - National Bank Financial lifted their FY2025 earnings estimates for Bank of Nova Scotia in a report issued 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 previous estimate of $4.83. The consensus estimate for Bank of Nova Scotia's current full-year earnings is $4.91 per share.

Other equities analysts have also recently issued research reports about the company. TD Securities upgraded Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating in a report on Tuesday, November 19th. Royal Bank of Canada cut their price target on Bank of Nova Scotia from $83.00 to $81.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 26th. Barclays raised Bank of Nova Scotia from an "underweight" rating to an "equal weight" rating in a report on Thursday, November 21st. Finally, Cibc World Mkts downgraded Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $75.50.

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Bank of Nova Scotia Stock Down 1.6 %

BNS traded down $0.80 on Friday, hitting $48.55. 2,773,768 shares of the company were exchanged, compared to its average volume of 1,883,570. The firm has a 50-day moving average price of $51.55 and a two-hundred day moving average price of $52.50. The company has a current ratio of 1.03, a quick 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 $60.47 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.16 and a beta of 1.07.

Institutional Trading of Bank of Nova Scotia

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

Bank of Nova Scotia Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be issued a $0.7415 dividend. This represents a $2.97 annualized dividend and a dividend yield of 6.11%. The ex-dividend date of this dividend is Tuesday, April 1st. Bank of Nova Scotia's payout ratio is currently 82.20%.

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.