Bank of Nova Scotia (TSE:BNS) Stock Price Down 3.1%

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS's stock price fell 3.1% during trading on Monday . The stock traded as low as C$61.65 and last traded at C$61.72. 686,690 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 4,099,136 shares. The stock had previously closed at C$63.67.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BNS shares. UBS Group set a C$67.00 target price on Bank of Nova Scotia and gave the stock a "neutral" rating in a research report on Tuesday, July 2nd. TD Securities upped their target price on shares of Bank of Nova Scotia from C$68.00 to C$69.00 in a report on Thursday. Jefferies Financial Group lifted their price target on shares of Bank of Nova Scotia from C$64.00 to C$65.00 and gave the stock a "hold" rating in a research note on Monday. National Bankshares decreased their price objective on shares of Bank of Nova Scotia from C$67.00 to C$66.00 and set a "sector perform" rating for the company in a research note on Wednesday, May 29th. Finally, Royal Bank of Canada reduced their target price on Bank of Nova Scotia from C$64.00 to C$62.00 and set a "sector perform" rating for the company in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of C$66.57.

Bank of Nova Scotia Trading Down 3.4 %

The company has a market capitalization of C$75.63 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 1.33 and a beta of 0.98. The firm's 50 day simple moving average is C$63.40 and its 200-day simple moving average is C$64.72.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last issued its quarterly earnings results on Tuesday, May 28th. The bank reported C$1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$1.55 by C$0.03. The business had revenue of C$8.35 billion for the quarter, compared to analyst estimates of C$8.32 billion. Bank of Nova Scotia had a net margin of 26.41% and a return on equity of 9.89%. As a group, sell-side analysts forecast that The Bank of Nova Scotia will post 6.4780876 EPS for the current fiscal year.

Bank of Nova Scotia Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Monday, July 29th were paid a $1.06 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.90%. Bank of Nova Scotia's dividend payout ratio (DPR) is presently 69.97%.

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.