National Bank Financial Predicts BNS FY2025 Earnings

The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS - National Bank Financial decreased their FY2025 earnings estimates for shares of Bank of Nova Scotia in a research report issued to clients and investors on Sunday, April 6th. National Bank Financial analyst G. Dechaine now expects that the bank will earn $4.74 per share for the year, down from their prior forecast of $4.86. The consensus estimate for Bank of Nova Scotia's current full-year earnings is $4.91 per share. National Bank Financial also issued estimates for Bank of Nova Scotia's FY2026 earnings at $5.21 EPS.

Other research analysts also recently issued research reports about the company. CIBC reaffirmed a "neutral" rating on shares of Bank of Nova Scotia in a report on Tuesday, February 18th. Royal Bank of Canada decreased their price objective on shares of Bank of Nova Scotia from $83.00 to $81.00 and set a "sector perform" rating for the company in a report on Wednesday, February 26th. Cibc World Mkts cut shares of Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Bank of America downgraded shares of Bank of Nova Scotia from a "buy" rating to a "neutral" rating in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $81.00.

Remove Ads

Bank of Nova Scotia Stock Up 1.5 %

NYSE:BNS traded up $0.70 during mid-day trading on Wednesday, reaching $46.76. The stock had a trading volume of 590,468 shares, compared to its average volume of 1,676,040. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $58.24 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 1.16 and a beta of 1.02. Bank of Nova Scotia has a 1-year low of $43.68 and a 1-year high of $57.07. The stock's 50 day simple moving average is $48.65 and its two-hundred day simple moving average is $51.76.

Hedge Funds Weigh In On Bank of Nova Scotia

Hedge funds and other institutional investors have recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new stake in Bank of Nova Scotia in the 4th quarter valued at about $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Bank of Nova Scotia during the fourth quarter valued at approximately $31,000. Allworth Financial LP boosted its position in shares of Bank of Nova Scotia by 121.1% during the fourth quarter. Allworth Financial LP now owns 639 shares of the bank's stock worth $33,000 after buying an additional 350 shares during the period. BNP Paribas Financial Markets grew 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 worth $47,000 after buying an additional 810 shares in the last quarter. Finally, Independence Bank of Kentucky increased its position in Bank of Nova Scotia by 38.4% in the 1st quarter. Independence Bank of Kentucky now owns 1,175 shares of the bank's stock valued at $56,000 after acquiring an additional 326 shares during the period. Institutional investors and hedge funds own 49.13% of the company's stock.

Bank of Nova Scotia Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be given a $0.7415 dividend. This represents a $2.97 annualized dividend and a yield of 6.34%. The ex-dividend date of this dividend is Tuesday, April 1st. Bank of Nova Scotia's dividend payout ratio is presently 83.05%.

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.