Q1 EPS Estimate for Bank of Nova Scotia Cut by Analyst

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – National Bank Financial cut their Q1 2025 earnings estimates for shares of Bank of Nova Scotia in a research report issued on Monday, February 17th. National Bank Financial analyst G. Dechaine now expects that the bank will earn $1.18 per share for the quarter, down from their prior forecast of $1.19. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.93 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.

A number of other brokerages have also commented on BNS. UBS Group raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Monday, November 18th. CIBC reissued a “neutral” rating on shares of Bank of Nova Scotia in a research note on Tuesday. Canaccord Genuity Group upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Barclays raised Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a report on Thursday, November 21st. Finally, Royal Bank of Canada raised their price objective on Bank of Nova Scotia from $65.00 to $74.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Bank of Nova Scotia Stock Down 0.4 %

Shares of BNS opened at $50.84 on Wednesday. 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 has a 52 week low of $43.67 and a 52 week high of $57.07. The stock has a market capitalization of $63.32 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.16 and a beta of 1.07. The stock has a fifty day moving average of $52.22 and a 200-day moving average of $52.20.

Institutional Investors Weigh In On Bank of Nova Scotia

Several institutional investors and hedge funds have recently made changes to their positions in BNS. Creative Planning boosted its holdings in shares of Bank of Nova Scotia by 2.3% during the 3rd quarter. Creative Planning now owns 36,568 shares of the bank’s stock worth $1,993,000 after buying an additional 807 shares in the last quarter. Blue Trust Inc. lifted 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 valued at $86,000 after acquiring an additional 997 shares during the period. Sequoia Financial Advisors LLC bought a new position in Bank of Nova Scotia during the third quarter worth $221,000. Signaturefd LLC grew its holdings in Bank of Nova Scotia by 1.2% in the third quarter. Signaturefd LLC now owns 18,470 shares of the bank’s stock worth $1,006,000 after purchasing an additional 216 shares during the period. Finally, International Assets Investment Management LLC increased its stake in 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 purchasing an additional 71,712 shares in the last quarter. Institutional investors own 49.13% of the company’s stock.

Bank of Nova Scotia Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders 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 5.93%. The ex-dividend date was Tuesday, January 7th. Bank of Nova Scotia’s dividend payout ratio is 68.29%.

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.