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.
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