Shares of Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) have received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $76.50.

BNS has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Friday, August 9th. ValuEngine downgraded shares of Bank of Nova Scotia from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Barclays reiterated an “average” rating and issued a $78.00 price objective on shares of Bank of Nova Scotia in a report on Thursday, May 30th.

BNS stock traded down $1.37 during mid-day trading on Wednesday, reaching $50.84. The company’s stock had a trading volume of 861,200 shares, compared to its average volume of 741,846. The stock has a market cap of $63.85 billion, a PE ratio of 9.35, a PEG ratio of 1.97 and a beta of 1.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.05 and a current ratio of 1.05. Bank of Nova Scotia has a fifty-two week low of $48.34 and a fifty-two week high of $60.60. The company’s 50 day moving average price is $53.29.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its quarterly earnings data on Tuesday, May 28th. The bank reported $1.70 EPS for the quarter, missing the Zacks’ consensus estimate of $1.74 by ($0.04). The business had revenue of $7.80 billion during the quarter, compared to analyst estimates of $7.60 billion. Bank of Nova Scotia had a net margin of 19.20% and a return on equity of 13.55%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.70 EPS. On average, research analysts forecast that Bank of Nova Scotia will post 5.29 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 29th. Stockholders of record on Tuesday, July 2nd were paid a $0.65 dividend. The ex-dividend date was Friday, June 28th. This represents a $2.60 annualized dividend and a dividend yield of 5.11%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 48.90%.

Institutional investors have recently bought and sold shares of the company. Atlas Capital Advisors LLC grew its stake in shares of Bank of Nova Scotia by 456.6% in the 1st quarter. Atlas Capital Advisors LLC now owns 462 shares of the bank’s stock valued at $25,000 after buying an additional 379 shares during the period. Private Capital Group LLC boosted its position in shares of Bank of Nova Scotia by 9,420.0% during the 1st quarter. Private Capital Group LLC now owns 476 shares of the bank’s stock worth $25,000 after purchasing an additional 471 shares during the period. Princeton Global Asset Management LLC purchased a new position in shares of Bank of Nova Scotia during the 1st quarter worth approximately $34,000. Avestar Capital LLC boosted its position in shares of Bank of Nova Scotia by 630.8% during the 1st quarter. Avestar Capital LLC now owns 782 shares of the bank’s stock worth $39,000 after purchasing an additional 675 shares during the period. Finally, Mcmillion Capital Management Inc. purchased a new position in shares of Bank of Nova Scotia during the 2nd quarter worth approximately $46,000. 46.26% of the stock is owned by institutional investors and hedge funds.

About Bank of Nova Scotia

The Bank of Nova Scotia provides various banking products and services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.

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Analyst Recommendations for Bank of Nova Scotia (NYSE:BNS)

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