Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Investment analysts at National Bank Financial issued their FY2019 EPS estimates for shares of Bank of Nova Scotia in a note issued to investors on Wednesday. National Bank Financial analyst G. Dechaine expects that the bank will post earnings of $7.43 per share for the year. National Bank Financial has a “Outperform” rating and a $88.00 price objective on the stock.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share (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 for the quarter, compared to analyst estimates of C$7.05 billion. Bank of Nova Scotia had a return on equity of 14.91% and a net margin of 30.50%. During the same quarter in the prior year, the business posted $1.58 EPS.
Several other analysts have also recently weighed in on BNS. BMO Capital Markets lifted their price objective on shares of Bank of Nova Scotia from C$83.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 30th. CIBC lifted their price objective on shares of Bank of Nova Scotia from C$85.00 to C$87.00 in a research note on Wednesday, August 30th. Scotiabank dropped their price objective on shares of Bank of Nova Scotia from C$89.00 to C$88.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. Canaccord Genuity lifted their price objective on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a research note on Wednesday, November 1st. Finally, Citigroup lifted their price objective on shares of Bank of Nova Scotia from C$90.00 to C$93.00 in a research note on Friday, November 17th. Eight analysts have rated the stock with a buy rating, Bank of Nova Scotia has a consensus rating of “Buy” and an average price target of C$88.46.
Shares of Bank of Nova Scotia (BNS) traded up C$0.16 during trading on Monday, reaching C$82.99. 1,571,754 shares of the company’s stock traded hands, compared to its average volume of 2,128,975. Bank of Nova Scotia has a twelve month low of C$73.31 and a twelve month high of C$85.50.
In related news, insider Kyle Mcnamara sold 3,036 shares of Bank of Nova Scotia stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of C$80.53, for a total transaction of C$244,489.08. Also, insider Barbara Frances Mason sold 20,000 shares of Bank of Nova Scotia stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of C$82.60, for a total transaction of C$1,652,000.00. Insiders sold a total of 23,250 shares of company stock valued at $1,913,718 over the last 90 days.
The company 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 $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Friday, December 29th. Bank of Nova Scotia’s payout ratio is presently 47.00%.
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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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