Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Equities researchers at Cormark increased their Q1 2019 earnings estimates for Bank of Nova Scotia in a note issued to investors on Tuesday. Cormark analyst M. Grauman now anticipates that the bank will post earnings per share of $1.41 for the quarter, up from their prior estimate of $1.38. Cormark also issued estimates for Bank of Nova Scotia’s Q2 2019 earnings at $1.42 EPS, Q3 2019 earnings at $1.51 EPS and Q4 2019 earnings at $1.52 EPS.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Bank of Nova Scotia from a “buy” rating to a “sell” rating in a research note on Tuesday, October 31st. Scotiabank reissued a “buy” rating and issued a $88.00 price objective on shares of Bank of Nova Scotia in a research note on Wednesday, August 30th. Macquarie started coverage on Bank of Nova Scotia in a research note on Tuesday, October 24th. They issued an “outperform” rating on the stock. Canaccord Genuity set a $87.00 price objective on Bank of Nova Scotia and gave the company a “buy” rating in a research note on Tuesday, August 29th. Finally, BidaskClub raised Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $85.80.

Shares of Bank of Nova Scotia (NYSE BNS) traded up $0.01 during mid-day trading on Wednesday, hitting $63.91. The company had a trading volume of 642,352 shares, compared to its average volume of 694,815. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.06 and a quick ratio of 1.06. Bank of Nova Scotia has a 1-year low of $53.86 and a 1-year high of $66.78. The company has a market cap of $77,038.66, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 1.54 and a beta of 1.26.

Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. bought a new position in Bank of Nova Scotia in the 2nd quarter worth approximately $117,297,000. Investec Asset Management LTD increased its position in Bank of Nova Scotia by 15.9% in the 2nd quarter. Investec Asset Management LTD now owns 2,538,054 shares of the bank’s stock worth $152,455,000 after buying an additional 347,432 shares during the period. Willingdon Wealth Management bought a new position in Bank of Nova Scotia in the 2nd quarter worth approximately $2,117,000. OMERS ADMINISTRATION Corp increased its position in Bank of Nova Scotia by 5.3% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 3,406,680 shares of the bank’s stock worth $204,632,000 after buying an additional 170,800 shares during the period. Finally, Andra AP fonden increased its position in Bank of Nova Scotia by 18.1% in the 3rd quarter. Andra AP fonden now owns 127,800 shares of the bank’s stock worth $10,250,000 after buying an additional 19,600 shares during the period. 47.01% of the stock is currently owned by institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 2nd will be given a $0.617 dividend. This represents a $2.47 annualized dividend and a yield of 3.86%. The ex-dividend date is Friday, December 29th. Bank of Nova Scotia’s dividend payout ratio is currently 49.50%.

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About Bank of Nova Scotia

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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