Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Equities research analysts at National Bank Financial upped their Q1 2018 EPS estimates for Bank of Nova Scotia in a research note issued on Wednesday. National Bank Financial analyst G. Dechaine now anticipates that the bank will earn $1.28 per share for the quarter, up from their prior forecast of $1.27. National Bank Financial also issued estimates for Bank of Nova Scotia’s Q2 2018 earnings at $1.30 EPS, Q3 2018 earnings at $1.36 EPS, FY2018 earnings at $5.46 EPS and FY2019 earnings at $5.87 EPS.

A number of other equities research analysts have also recently commented on BNS. Canaccord Genuity reaffirmed a “buy” rating and set a $93.00 price objective on shares of Bank of Nova Scotia in a research note on Tuesday, December 5th. Citigroup raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 20th. BidaskClub raised Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Scotiabank reissued a “buy” rating and issued a $95.00 target price on shares of Bank of Nova Scotia in a research note on Wednesday, November 22nd. Finally, Macquarie assumed coverage on Bank of Nova Scotia in a research note on Tuesday, October 24th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $85.80.

Shares of Bank of Nova Scotia (NYSE BNS) traded down $0.26 during trading on Monday, hitting $64.74. The company had a trading volume of 390,500 shares, compared to its average volume of 692,000. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.10. Bank of Nova Scotia has a twelve month low of $53.86 and a twelve month high of $66.78. The firm has a market capitalization of $77,950.09, a PE ratio of 12.97, a PEG ratio of 1.54 and a beta of 1.26.

A number of large investors have recently bought and sold shares of BNS. Fiduciary Trust Co. bought a new stake in shares of Bank of Nova Scotia in the second quarter valued at about $102,000. IFP Advisors Inc lifted its holdings in shares of Bank of Nova Scotia by 46.7% in the second quarter. IFP Advisors Inc now owns 2,077 shares of the bank’s stock valued at $125,000 after purchasing an additional 661 shares in the last quarter. ARP Americas LLC bought a new stake in shares of Bank of Nova Scotia in the third quarter valued at about $202,000. Yorktown Management & Research Co Inc bought a new stake in shares of Bank of Nova Scotia in the third quarter valued at about $212,000. Finally, Quantum Capital Management bought a new stake in shares of Bank of Nova Scotia in the second quarter valued at about $205,000. 47.01% of the stock is owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 2nd will be paid a $0.617 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $2.47 dividend on an annualized basis and a yield of 3.81%. Bank of Nova Scotia’s payout ratio is 49.50%.

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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.

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

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