FY2017 EPS Estimates for Bank of Nova Scotia (BNS) Increased by Analyst
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Stock analysts at Desjardins raised their FY2017 earnings per share estimates for Bank of Nova Scotia in a report released on Monday. Desjardins analyst D. Young now forecasts that the bank will post earnings per share of $6.57 for the year, up from their previous forecast of $6.53. Desjardins also issued estimates for Bank of Nova Scotia’s Q4 2017 earnings at $1.68 EPS.
Other equities analysts also recently issued research reports about the stock. BMO Capital Markets boosted their price target 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. Scotiabank dropped their price target on shares of Bank of Nova Scotia from C$89.00 to C$88.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 30th. National Bank Financial boosted their price target on shares of Bank of Nova Scotia from C$85.00 to C$86.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 30th. Barclays PLC boosted their price target on shares of Bank of Nova Scotia from C$86.00 to C$88.00 in a research note on Friday, August 11th. Finally, Canaccord Genuity boosted their price target on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a research note on Wednesday, November 1st. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Bank of Nova Scotia currently has an average rating of “Buy” and a consensus target price of C$86.50.
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Shares of Bank of Nova Scotia (TSE BNS) opened at C$83.76 on Tuesday. Bank of Nova Scotia has a 1-year low of C$69.20 and a 1-year high of C$83.95.
In other news, insider Kyle Mcnamara sold 3,036 shares of the stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of C$80.53, for a total value of C$244,489.08. Also, insider Deborah Alexander sold 7,114 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of C$76.76, for a total transaction of C$546,070.64. In the last ninety days, insiders have sold 10,364 shares of company stock worth $807,789.
The business also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd were paid a dividend of $0.79 per share. The ex-dividend date was Monday, October 2nd. This represents a $3.16 dividend on an annualized basis and a yield of 3.77%. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.76.
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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