The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS - National Bank Financial cut their Q1 2025 EPS estimates for Bank of Nova Scotia in a research note issued to investors on Monday, February 17th. National Bank Financial analyst G. Dechaine now expects that the bank will post earnings of $1.18 per share for the quarter, down from their previous forecast of $1.19. 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 Q3 2025 earnings at $1.20 EPS, Q4 2025 earnings at $1.26 EPS and FY2025 earnings at $4.83 EPS.
BNS has been the subject of a number of other reports. Canaccord Genuity Group upgraded Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research note on Tuesday, November 19th. Royal Bank of Canada boosted their price objective on Bank of Nova Scotia from $65.00 to $74.00 and gave the company a "sector perform" rating in a research report on Wednesday, December 4th. UBS Group raised Bank of Nova Scotia from a "neutral" rating to a "buy" rating in a research report on Monday, November 18th. Canaccord Genuity Group upgraded Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research note on Tuesday, November 19th. Finally, TD Securities upgraded shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $72.00.
Read Our Latest Analysis on Bank of Nova Scotia
Bank of Nova Scotia Stock Performance
Shares of NYSE BNS traded down $0.68 during midday trading on Wednesday, hitting $50.46. The company's stock had a trading volume of 1,511,828 shares, compared to its average volume of 1,888,557. The firm has a market cap of $62.84 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.16 and a beta of 1.07. Bank of Nova Scotia has a 1-year low of $43.67 and a 1-year high of $57.07. The firm's fifty day moving average price is $52.04 and its 200-day moving average price is $52.23. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.03.
Bank of Nova Scotia Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th were paid a dividend of $0.7535 per share. This represents a $3.01 annualized dividend and a yield of 5.97%. The ex-dividend date was Tuesday, January 7th. Bank of Nova Scotia's payout ratio is currently 68.29%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of BNS. Creative Planning lifted its holdings in Bank of Nova Scotia by 2.3% in the third quarter. Creative Planning now owns 36,568 shares of the bank's stock worth $1,993,000 after purchasing an additional 807 shares during the period. Blue Trust Inc. raised its position in shares of Bank of Nova Scotia by 171.6% during the 3rd quarter. Blue Trust Inc. now owns 1,578 shares of the bank's stock worth $86,000 after buying an additional 997 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Bank of Nova Scotia during the 3rd quarter worth about $221,000. Signaturefd LLC lifted its stake in shares of Bank of Nova Scotia by 1.2% in the 3rd quarter. Signaturefd LLC now owns 18,470 shares of the bank's stock worth $1,006,000 after acquiring an additional 216 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in shares of Bank of Nova Scotia by 138.9% in the third quarter. International Assets Investment Management LLC now owns 123,358 shares of the bank's stock valued at $67,220,000 after acquiring an additional 71,712 shares in the last quarter. Institutional investors own 49.13% of the company's stock.
About Bank of Nova Scotia
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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.
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