Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – National Bank Financial issued their FY2019 EPS estimates for shares of Bank of Nova Scotia in a note issued to investors on Wednesday. National Bank Financial analyst G. Dechaine expects that the bank will earn $7.43 per share for the year. National Bank Financial currently has a “Outperform” rating and a $88.00 target price on the stock.
Several other analysts also recently weighed in on BNS. Scotiabank decreased their price objective on Bank of Nova Scotia from C$89.00 to C$88.00 and set an “outperform” rating for the company in a report on Wednesday, August 30th. CIBC lifted their price objective on Bank of Nova Scotia from C$87.00 to C$93.00 in a report on Monday, November 13th. Royal Bank of Canada lifted their price objective on Bank of Nova Scotia from C$87.00 to C$91.00 and gave the company an “outperform” rating in a report on Wednesday, November 29th. Canaccord Genuity lifted their price objective on Bank of Nova Scotia from C$88.00 to C$92.00 in a report on Wednesday, November 1st. Finally, Citigroup lifted their price objective on Bank of Nova Scotia from C$90.00 to C$93.00 in a report on Friday, November 17th. Eight equities research analysts have rated the stock with a buy rating, Bank of Nova Scotia currently has an average rating of “Buy” and an average target price of C$88.46.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$1.68 by C($0.03). The company had revenue of C$6.81 billion for the quarter, compared to analysts’ expectations of C$7.05 billion. Bank of Nova Scotia had a net margin of 30.50% and a return on equity of 14.91%. During the same period in the prior year, the firm posted $1.58 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 2nd will be issued a $0.79 dividend. The ex-dividend date is Friday, December 29th. This represents a $3.16 dividend on an annualized basis and a yield of 3.82%. Bank of Nova Scotia’s dividend payout ratio is presently 47.00%.
In other Bank of Nova Scotia news, insider Kyle Mcnamara sold 3,036 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of C$80.53, for a total value of C$244,489.08. Also, insider Barbara Frances Mason sold 20,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of C$82.60, for a total transaction of C$1,652,000.00. Insiders sold 23,250 shares of company stock valued at $1,913,718 over the last quarter.
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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.
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