National Bank Financial Weighs in on BNS FY2025 Earnings

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – National Bank Financial boosted their FY2025 earnings per share estimates for Bank of Nova Scotia in a report issued on Tuesday, February 25th. National Bank Financial analyst G. Dechaine now expects that the bank will post earnings of $4.86 per share for the year, up from their prior forecast of $4.83. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.91 per share.

BNS has been the topic of a number of other reports. Royal Bank of Canada cut their price target on Bank of Nova Scotia from $83.00 to $81.00 and set a “sector perform” rating on the stock in a report on Wednesday. Canaccord Genuity Group raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Bank of America raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 19th. TD Securities raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Finally, Canaccord Genuity Group raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Bank of Nova Scotia has an average rating of “Hold” and an average price target of $75.50.

Bank of Nova Scotia Stock Performance

Shares of Bank of Nova Scotia stock opened at $49.61 on Friday. The firm has a market cap of $61.79 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 1.16 and a beta of 1.07. The stock’s 50-day moving average is $51.64 and its 200-day moving average is $52.43. Bank of Nova Scotia has a one year low of $43.67 and a one year high of $57.07. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03.

Bank of Nova Scotia Cuts Dividend

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

Hedge Funds Weigh In On Bank of Nova Scotia

A number of institutional investors have recently bought and sold shares of the business. Murphy & Mullick Capital Management Corp bought a new stake in shares of Bank of Nova Scotia during the fourth quarter worth approximately $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Bank of Nova Scotia during the fourth quarter worth approximately $31,000. Allworth Financial LP boosted its holdings in shares of Bank of Nova Scotia by 121.1% during the fourth 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 boosted its holdings in shares of Bank of Nova Scotia by 1,588.2% during the third 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 stake in shares of Bank of Nova Scotia during the fourth quarter worth approximately $73,000. Institutional investors and hedge funds own 49.13% of the company’s stock.

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.