Research Analysts Issue Forecasts for BNS FY2025 Earnings

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Equities research analysts at Cormark dropped their FY2025 earnings per share (EPS) estimates for Bank of Nova Scotia in a research note issued on Wednesday, February 26th. Cormark analyst L. Persaud now forecasts that the bank will post earnings of $4.85 per share for the year, down from their previous estimate of $4.94. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.91 per share. Cormark also issued estimates for Bank of Nova Scotia’s FY2026 earnings at $5.57 EPS.

A number of other research firms have also recently issued reports on BNS. Cibc World Mkts cut Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Canaccord Genuity Group raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. UBS Group upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Monday, November 18th. Bank of America raised shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada lowered their target price on Bank of Nova Scotia from $83.00 to $81.00 and set a “sector perform” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $75.50.

Bank of Nova Scotia Trading Up 1.2 %

NYSE BNS opened at $50.45 on Thursday. Bank of Nova Scotia has a one year low of $43.67 and a one year high of $57.07. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $62.84 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.16 and a beta of 1.07. The stock’s 50-day moving average is $51.79 and its 200-day moving average is $52.37.

Bank of Nova Scotia Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.7415 per share. This represents a $2.97 annualized dividend and a yield of 5.88%. The ex-dividend date is Tuesday, April 1st. Bank of Nova Scotia’s payout ratio is 68.06%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BNS. Murphy & Mullick Capital Management Corp bought a new stake in Bank of Nova Scotia during the 4th quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Bank of Nova Scotia in the fourth quarter valued at about $31,000. Allworth Financial LP raised its holdings in Bank of Nova Scotia by 121.1% during the fourth quarter. Allworth Financial LP now owns 639 shares of the bank’s stock worth $33,000 after acquiring an additional 350 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Bank of Nova Scotia by 1,588.2% during the third quarter. BNP Paribas Financial Markets now owns 861 shares of the bank’s stock valued at $47,000 after purchasing an additional 810 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new position in Bank of Nova Scotia in the fourth quarter valued at approximately $73,000. Institutional investors own 49.13% of the company’s stock.

About Bank of Nova Scotia

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.