Q1 2018 Earnings Forecast for Bank of Nova Scotia Issued By National Bank Financial (BNS)
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.
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.
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