Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Stock analysts at National Bank Financial lowered their Q1 2018 EPS estimates for shares of Bank of Nova Scotia in a report issued on Tuesday. National Bank Financial analyst G. Dechaine now forecasts that the bank will earn $1.27 per share for the quarter, down from their previous estimate of $1.33. National Bank Financial also issued estimates for Bank of Nova Scotia’s Q2 2018 earnings at $1.28 EPS, Q3 2018 earnings at $1.34 EPS, FY2018 earnings at $5.39 EPS and FY2019 earnings at $5.76 EPS.

Several other research analysts have also weighed in on BNS. BidaskClub lowered shares of Bank of Nova Scotia from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Canaccord Genuity reaffirmed a “buy” rating and issued a $92.00 price target on shares of Bank of Nova Scotia in a research note on Tuesday. Scotiabank restated a “buy” rating and set a $95.00 target price on shares of Bank of Nova Scotia in a report on Wednesday, November 22nd. Citigroup upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Wednesday, September 20th. Finally, Macquarie began coverage on shares of Bank of Nova Scotia in a report on Tuesday, October 24th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $85.60.

Bank of Nova Scotia (BNS) traded up $1.20 during trading on Friday, reaching $64.45. 704,858 shares of the company traded hands, compared to its average volume of 696,432. Bank of Nova Scotia has a twelve month low of $53.86 and a twelve month high of $66.78. The company has a market cap of $77,250.00, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.13.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its quarterly earnings results on Tuesday, August 29th. The bank reported $1.27 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.38). Bank of Nova Scotia had a return on equity of 14.79% and a net margin of 22.20%. The business had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the prior year, the firm earned $1.54 EPS.

Several hedge funds have recently bought and sold shares of BNS. Fiduciary Trust Co. acquired a new stake in Bank of Nova Scotia during the 2nd quarter valued at approximately $102,000. IFP Advisors Inc grew its position in shares of Bank of Nova Scotia by 46.7% during the 2nd quarter. IFP Advisors Inc now owns 2,077 shares of the bank’s stock worth $125,000 after buying an additional 661 shares during the period. ARP Americas LLC acquired a new stake in shares of Bank of Nova Scotia during the 3rd quarter worth approximately $202,000. Yorktown Management & Research Co Inc acquired a new stake in shares of Bank of Nova Scotia during the 3rd quarter worth approximately $212,000. Finally, Quantum Capital Management acquired a new stake in shares of Bank of Nova Scotia during the 2nd quarter worth approximately $205,000. 47.06% of the stock is owned by hedge funds and other institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Tuesday, January 2nd will be issued a $0.617 dividend. The ex-dividend date is Friday, December 29th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 3.83%. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 48.91%.

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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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