Q1 EPS Forecast for Bank of Nova Scotia Lowered by Analyst

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Research analysts at Desjardins lowered their Q1 2025 earnings per share estimates for shares of Bank of Nova Scotia in a research note issued to investors on Tuesday, February 4th. Desjardins analyst D. Young now anticipates that the bank will earn $1.12 per share for the quarter, down from their previous estimate of $1.18. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.93 per share.

BNS has been the subject of several other reports. Canaccord Genuity Group raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. UBS Group raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Monday, November 18th. Barclays raised Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a research note on Thursday, November 21st. Canaccord Genuity Group raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Bank of America raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $72.00.

Bank of Nova Scotia Stock Up 0.8 %

Shares of Bank of Nova Scotia stock opened at $50.90 on Thursday. The stock has a 50-day moving average price of $53.22 and a 200 day moving average price of $51.85. The company has a market cap of $63.39 billion, a P/E ratio of 11.78, a P/E/G ratio of 1.16 and a beta of 1.07. 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 1 year low of $43.67 and a 1 year high of $57.07.

Institutional Trading of Bank of Nova Scotia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP grew its holdings in Bank of Nova Scotia by 121.1% in the 4th quarter. Allworth Financial LP now owns 639 shares of the bank’s stock valued at $33,000 after buying an additional 350 shares during the last quarter. 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 valued at $47,000 after buying an additional 810 shares during the last quarter. City State Bank acquired a new stake in Bank of Nova Scotia in the 3rd quarter valued at approximately $57,000. Fortitude Family Office LLC acquired a new stake in Bank of Nova Scotia in the 4th quarter valued at approximately $73,000. Finally, Blue Trust Inc. grew its holdings 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 purchasing an additional 997 shares in 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 disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Tuesday, January 7th were paid a $0.7535 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date was Tuesday, January 7th. Bank of Nova Scotia’s payout ratio is 68.29%.

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.