Bank of Nova Scotia (TSE:BNS) Insider Sells C$1,652,000.00 in Stock

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) insider Barbara Frances Mason sold 20,000 shares of the business’s stock in a transaction dated 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.

Bank of Nova Scotia (BNS) traded down C$0.28 during mid-day trading on Friday, hitting C$82.16. 6,182,870 shares of the stock traded hands, compared to its average volume of 1,510,000. Bank of Nova Scotia has a one year low of C$73.31 and a one year high of C$85.50.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data on Tuesday, November 28th. The bank reported C$1.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.68 by C($0.03). Bank of Nova Scotia had a net margin of 30.50% and a return on equity of 14.91%. The company had revenue of C$6.81 billion during the quarter, compared to analyst estimates of C$7.05 billion. During the same quarter last year, the business earned $1.58 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Tuesday, January 2nd will be paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Friday, December 29th. Bank of Nova Scotia’s dividend payout ratio (DPR) is 47.00%.

Several brokerages have recently commented on BNS. BMO Capital Markets restated an “outperform” rating and issued a C$86.00 price objective on shares of Bank of Nova Scotia in a report on Wednesday, December 6th. National Bank Financial upped their price objective on shares of Bank of Nova Scotia from C$86.00 to C$88.00 and gave the stock an “outperform” rating in a report on Wednesday, November 29th. Royal Bank of Canada upped their target price on shares of Bank of Nova Scotia from C$87.00 to C$91.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 29th. Canaccord Genuity upped their target price on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a research note on Wednesday, November 1st. Finally, Scotiabank cut their target price on shares of Bank of Nova Scotia from C$95.00 to C$94.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 29th. Eight research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of C$88.46.

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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.

Insider Buying and Selling by Quarter for Bank of Nova Scotia (TSE:BNS)

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