Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) insider Andrew Branion sold 6,252 shares of Bank of Nova Scotia stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of C$79.75, for a total transaction of C$498,597.00.
Shares of Bank of Nova Scotia (BNS) traded up C$0.43 during mid-day trading on Friday, hitting C$82.53. 8,487,781 shares of the stock were exchanged, compared to its average volume of 2,260,260. Bank of Nova Scotia has a fifty-two week low of C$73.31 and a fifty-two week high of C$85.50. The stock has a market cap of $98,500.00, a P/E ratio of 12.17 and a beta of 0.85.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 26th. Stockholders of record on Tuesday, April 3rd will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.97%. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.79. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 45.72%.
BNS has been the topic of a number of research analyst reports. Citigroup lifted their price target on shares of Bank of Nova Scotia from C$90.00 to C$93.00 in a report on Friday, November 17th. BMO Capital Markets reiterated an “outperform” rating and issued a C$85.00 price target on shares of Bank of Nova Scotia in a report on Wednesday, November 29th. Scotiabank decreased their price target 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 report on Wednesday, November 29th. National Bank Financial lifted their price target on shares of Bank of Nova Scotia from C$86.00 to C$88.00 and gave the company an “outperform” rating in a report on Wednesday, November 29th. Finally, Royal Bank of Canada lifted their price target on shares of Bank of Nova Scotia from C$87.00 to C$91.00 and gave the company an “outperform” rating in a report on Wednesday, November 29th. Seven investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of C$91.00.
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Bank of Nova Scotia Company Profile
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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