Desjardins Has Bullish Outlook for BNS FY2025 Earnings

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Desjardins upped their FY2025 earnings per share (EPS) estimates for shares of Bank of Nova Scotia in a research note issued on Tuesday, February 25th. Desjardins analyst D. Young now anticipates that the bank will earn $5.04 per share for the year, up from their prior estimate of $5.01. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.91 per share.

A number of other equities research analysts have also commented on the company. Royal Bank of Canada lowered their price target on Bank of Nova Scotia from $83.00 to $81.00 and set a “sector perform” rating for the company in a research report on Wednesday. UBS Group raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research report on Monday, November 18th. TD Securities raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. CIBC reaffirmed a “neutral” rating on shares of Bank of Nova Scotia in a research report on Tuesday, February 18th. Finally, Cibc World Mkts lowered Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Bank of Nova Scotia currently has a consensus rating of “Hold” and an average price target of $75.50.

Bank of Nova Scotia Trading Down 0.2 %

NYSE BNS opened at $49.61 on Friday. The firm has a market capitalization of $61.79 billion, a P/E ratio of 11.48, a PEG ratio of 1.16 and a beta of 1.07. The business has a fifty day simple moving average of $51.64 and a 200 day simple moving average of $52.43. Bank of Nova Scotia has a 12 month low of $43.67 and a 12 month high of $57.07. 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 Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.7415 per share. This represents a $2.97 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend is Tuesday, April 1st. Bank of Nova Scotia’s dividend payout ratio is presently 82.20%.

Institutional Investors Weigh In On Bank of Nova Scotia

Several large investors have recently made changes to their positions in BNS. Murphy & Mullick Capital Management Corp bought a new position in shares of Bank of Nova Scotia during the 4th quarter worth $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Bank of Nova Scotia during the 4th quarter worth $31,000. Allworth Financial LP grew its stake in shares of Bank of Nova Scotia by 121.1% during the 4th quarter. Allworth Financial LP now owns 639 shares of the bank’s stock worth $33,000 after acquiring an additional 350 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Bank of Nova Scotia by 1,588.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 861 shares of the bank’s stock worth $47,000 after acquiring an additional 810 shares during the period. Finally, Fortitude Family Office LLC bought a new position in shares of Bank of Nova Scotia during the 4th quarter worth $73,000. 49.13% of the stock is owned by hedge funds and other institutional investors.

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.