Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Equities researchers at Cormark increased their Q1 2019 earnings per share (EPS) estimates for Bank of Nova Scotia in a research note issued to investors on Tuesday. Cormark analyst M. Grauman now forecasts that the bank will earn $1.78 per share for the quarter, up from their previous forecast of $1.77. Cormark also issued estimates for Bank of Nova Scotia’s Q2 2019 earnings at $1.80 EPS, Q3 2019 earnings at $1.91 EPS and Q4 2019 earnings at $1.92 EPS.
BNS has been the subject of a number of other reports. Citigroup increased their price target on Bank of Nova Scotia from C$90.00 to C$93.00 in a research report on Friday, November 17th. Royal Bank Of Canada raised their target price on Bank of Nova Scotia from C$87.00 to C$91.00 and gave the company an “outperform” rating in a research report on Wednesday, November 29th. Canaccord Genuity raised their target price on Bank of Nova Scotia from C$88.00 to C$92.00 in a research report on Wednesday, November 1st. Scotiabank decreased their target price on Bank of Nova Scotia from C$95.00 to C$94.00 and set an “outperform” rating for the company in a research report on Wednesday, November 29th. Finally, CIBC raised their target price on Bank of Nova Scotia from C$85.00 to C$87.00 in a research report on Wednesday, August 30th. Eight research analysts have rated the stock with a buy rating, Bank of Nova Scotia has a consensus rating of “Buy” and a consensus price target of C$88.46.
Bank of Nova Scotia (TSE BNS) traded up C$0.97 during midday trading on Wednesday, reaching C$82.78. The company had a trading volume of 2,091,622 shares, compared to its average volume of 2,138,038. Bank of Nova Scotia has a twelve month low of C$73.31 and a twelve month high of C$85.50.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Tuesday, November 28th. The bank reported C$1.65 EPS for the quarter, missing analysts’ consensus estimates of C$1.68 by C($0.03). The company had revenue of C$6.81 billion during the quarter, compared to analysts’ expectations of C$7.05 billion. Bank of Nova Scotia had a net margin of 30.50% and a return on equity of 14.91%. During the same period in the previous year, the company posted $1.58 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Friday, December 29th. Bank of Nova Scotia’s dividend payout ratio is presently 47.00%.
In other news, insider Deborah Alexander sold 7,114 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of C$76.76, for a total transaction of C$546,070.64. Also, insider Barbara Frances Mason sold 20,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of C$82.60, for a total value of C$1,652,000.00. Over the last ninety days, insiders have sold 30,364 shares of company stock valued at $2,459,789.
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About Bank of Nova Scotia
The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
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