Insider Selling: Bank of Nova Scotia (BNS) Insider Sells 3,036 Shares of Stock
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) insider Kyle Mcnamara sold 3,036 shares of Bank of Nova Scotia stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of C$80.53, for a total value of C$244,489.08.
Shares of Bank of Nova Scotia (BNS) traded up 0.31% on Thursday, hitting $80.95. The stock had a trading volume of 180,905 shares. Bank of Nova Scotia has a one year low of $69.15 and a one year high of $82.30. The stock has a market cap of $97.00 billion and a PE ratio of 12.62. The company’s 50 day moving average is $77.95 and its 200 day moving average is $77.54.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd will be issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Monday, October 2nd. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.76.
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Several equities research analysts recently issued reports on BNS shares. Scotiabank lowered their price objective on Bank of Nova Scotia from C$89.00 to C$88.00 and set an “outperform” rating on the stock in a report on Wednesday, August 30th. Barclays PLC lifted their price objective on Bank of Nova Scotia from C$86.00 to C$88.00 in a report on Friday, August 11th. CIBC lifted their price objective on Bank of Nova Scotia from C$85.00 to C$87.00 in a report on Wednesday, August 30th. National Bank Financial lifted their price objective on Bank of Nova Scotia from C$85.00 to C$86.00 and gave the stock an “outperform” rating in a report on Wednesday, August 30th. Finally, BMO Capital Markets lifted their price objective on Bank of Nova Scotia from C$83.00 to C$85.00 and gave the stock an “outperform” rating in a report on Wednesday, August 30th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$85.83.
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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