Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) – Analysts at Desjardins issued their FY2019 earnings per share estimates for Bank of Nova Scotia (The) in a research note issued on Monday. Desjardins analyst D. Young forecasts that the bank will post earnings of $5.85 per share for the year.

BNS has been the subject of a number of other research reports. Zacks Investment Research downgraded Bank of Nova Scotia (The) from a “buy” rating to a “sell” rating in a research report on Tuesday, October 31st. Canaccord Genuity set a $87.00 price target on Bank of Nova Scotia (The) and gave the company a “buy” rating in a research report on Tuesday, August 29th. Scotiabank reissued a “buy” rating and set a $88.00 price target on shares of Bank of Nova Scotia (The) in a research report on Wednesday, August 30th. BidaskClub raised Bank of Nova Scotia (The) from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Macquarie initiated coverage on Bank of Nova Scotia (The) in a research report on Tuesday, October 24th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $83.20.

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Bank of Nova Scotia (BNS) traded up $0.27 during mid-day trading on Tuesday, reaching $65.80. The company’s stock had a trading volume of 366,189 shares, compared to its average volume of 636,837. Bank of Nova Scotia has a 1 year low of $51.21 and a 1 year high of $65.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $78,830.00, a P/E ratio of 13.43, a PEG ratio of 1.51 and a beta of 1.27.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last released its earnings results on Tuesday, August 29th. The bank reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.38). Bank of Nova Scotia (The) had a net margin of 22.26% and a return on equity of 14.54%. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share.

Hedge funds and other institutional investors have recently modified their holdings of the company. Fiduciary Trust Co. purchased a new stake in shares of Bank of Nova Scotia (The) in the second quarter worth about $102,000. IFP Advisors Inc boosted its position in shares of Bank of Nova Scotia (The) by 46.7% in the second quarter. IFP Advisors Inc now owns 2,077 shares of the bank’s stock worth $125,000 after buying an additional 661 shares during the period. ARP Americas LLC purchased a new stake in shares of Bank of Nova Scotia (The) in the third quarter worth about $202,000. Quantum Capital Management purchased a new stake in shares of Bank of Nova Scotia (The) in the second quarter worth about $205,000. Finally, Cetera Investment Advisers purchased a new stake in shares of Bank of Nova Scotia (The) in the second quarter worth about $207,000. 46.47% of the stock is owned by institutional investors.

The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Tuesday, October 3rd were given a $0.6294 dividend. This is an increase from Bank of Nova Scotia (The)’s previous quarterly dividend of $0.56. The ex-dividend date was Monday, October 2nd. This represents a $2.52 annualized dividend and a dividend yield of 3.83%. Bank of Nova Scotia (The)’s dividend payout ratio is presently 49.00%.

About Bank of Nova Scotia (The)

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.

Earnings History and Estimates for Bank of Nova Scotia (The) (NYSE:BNS)

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