Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Research analysts at Cormark issued their Q1 2018 EPS estimates for Bank of Nova Scotia in a report issued on Wednesday. Cormark analyst M. Grauman anticipates that the bank will earn $1.29 per share for the quarter. Cormark also issued estimates for Bank of Nova Scotia’s Q2 2018 earnings at $1.29 EPS, Q3 2018 earnings at $1.38 EPS and Q4 2018 earnings at $1.39 EPS.
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.
Shares of Bank of Nova Scotia (BNS) traded up $1.20 during trading hours on Friday, hitting $64.45. 707,213 shares of the stock traded hands, compared to its average volume of 524,242. Bank of Nova Scotia has a 12 month low of $53.86 and a 12 month high of $66.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $77,250.00, a PE ratio of 12.74, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Guardian Capital LP lifted its stake in Bank of Nova Scotia by 3.8% in the third quarter. Guardian Capital LP now owns 7,412,100 shares of the bank’s stock valued at $475,157,000 after buying an additional 274,366 shares in the last quarter. Guardian Capital Advisors LP lifted its stake in Bank of Nova Scotia by 0.4% in the third quarter. Guardian Capital Advisors LP now owns 517,897 shares of the bank’s stock valued at $41,734,000 after buying an additional 1,964 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Bank of Nova Scotia by 17.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,656 shares of the bank’s stock valued at $427,000 after buying an additional 997 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Bank of Nova Scotia in the third quarter valued at approximately $949,000. Finally, Zions Bancorporation lifted its stake in Bank of Nova Scotia by 20.2% in the third quarter. Zions Bancorporation now owns 6,063 shares of the bank’s stock valued at $390,000 after buying an additional 1,017 shares in the last quarter. 47.06% of the stock is currently owned by hedge funds and other institutional investors.
The business also recently declared 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. This represents a $2.47 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend is Friday, December 29th. Bank of Nova Scotia’s payout ratio is currently 48.91%.
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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