Equities Analysts Issue Forecasts for BNS Q1 Earnings

The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS - Research analysts at National Bank Financial issued their Q1 2025 earnings estimates for Bank of Nova Scotia in a report released on Tuesday, December 3rd. National Bank Financial analyst G. Dechaine forecasts that the bank will earn $1.19 per share for the quarter. The consensus estimate for Bank of Nova Scotia's current full-year earnings is $4.99 per share. National Bank Financial also issued estimates for Bank of Nova Scotia's Q4 2025 earnings at $1.29 EPS.

Several other equities analysts have also weighed in on BNS. Royal Bank of Canada lifted their price target on Bank of Nova Scotia from $65.00 to $74.00 and gave the company a "sector perform" rating in a research note on Wednesday. Barclays upgraded Bank of Nova Scotia from an "underweight" rating to an "equal weight" rating in a research report on Thursday, November 21st. Canaccord Genuity Group upgraded Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th. Cibc World Mkts raised shares of Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a report on Friday, September 20th. Finally, Bank of America raised shares of Bank of Nova Scotia from a "neutral" rating to a "buy" rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Bank of Nova Scotia has a consensus rating of "Moderate Buy" and a consensus target price of $72.00.

Bank of Nova Scotia Price Performance

Shares of Bank of Nova Scotia stock traded down $0.01 during trading hours on Friday, reaching $55.77. The stock had a trading volume of 1,283,559 shares, compared to its average volume of 1,105,995. The stock's 50 day moving average is $53.90 and its 200 day moving average is $49.92. The company has a current ratio of 1.03, a quick ratio of 1.02 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 firm has a market capitalization of $69.40 billion, a PE ratio of 12.91, a PEG ratio of 1.43 and a beta of 1.07.

Institutional Investors Weigh In On Bank of Nova Scotia

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sigma Planning Corp raised its stake in Bank of Nova Scotia by 1.9% during the third quarter. Sigma Planning Corp now owns 11,089 shares of the bank's stock worth $604,000 after purchasing an additional 210 shares during the period. Signaturefd LLC raised its position in shares of Bank of Nova Scotia by 1.2% during the 3rd quarter. Signaturefd LLC now owns 18,470 shares of the bank's stock valued at $1,006,000 after buying an additional 216 shares during the period. Addison Advisors LLC lifted its holdings in Bank of Nova Scotia by 7.3% in the third quarter. Addison Advisors LLC now owns 3,357 shares of the bank's stock valued at $183,000 after acquiring an additional 227 shares during the last quarter. Farther Finance Advisors LLC grew its position in Bank of Nova Scotia by 11.9% in the third quarter. Farther Finance Advisors LLC now owns 2,713 shares of the bank's stock worth $148,000 after acquiring an additional 288 shares during the period. Finally, Pinnacle Associates Ltd. increased its stake in Bank of Nova Scotia by 1.1% during the third quarter. Pinnacle Associates Ltd. now owns 27,800 shares of the bank's stock worth $1,515,000 after acquiring an additional 300 shares during the last quarter. 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 Wednesday, January 29th. Stockholders of record on Tuesday, January 7th will be issued a dividend of $0.7535 per share. This represents a $3.01 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend is Tuesday, January 7th. Bank of Nova Scotia's dividend payout ratio is currently 72.45%.

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.