Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) insider Barbara Frances Mason sold 20,000 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of C$82.60, for a total value of C$1,652,000.00.
Bank of Nova Scotia (TSE BNS) traded up C$0.97 on Thursday, hitting C$82.78. The stock had a trading volume of 2,091,622 shares, compared to its average volume of 2,138,038. Bank of Nova Scotia has a 1-year low of C$73.31 and a 1-year high of C$85.50.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings data on Tuesday, November 28th. The bank reported C$1.65 earnings per share for the quarter, missing the consensus estimate of C$1.68 by C($0.03). The company had revenue of C$6.81 billion for the quarter, compared to the consensus estimate of C$7.05 billion. Bank of Nova Scotia had a return on equity of 14.91% and a net margin of 30.50%. During the same period in the prior year, the business earned $1.58 earnings per share.
The firm 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 $0.79 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.82%. Bank of Nova Scotia’s payout ratio is currently 47.00%.
BNS has been the subject of a number of research reports. Citigroup increased their price target on Bank of Nova Scotia from C$90.00 to C$93.00 in a research note on Friday, November 17th. National Bank Financial increased their price target on Bank of Nova Scotia from C$85.00 to C$86.00 and gave the company an “outperform” rating in a research note on Wednesday, August 30th. CIBC increased their price target on Bank of Nova Scotia from C$87.00 to C$93.00 in a research note on Monday, November 13th. Scotiabank decreased their price target on Bank of Nova Scotia from C$89.00 to C$88.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. Finally, BMO Capital Markets increased their price target on Bank of Nova Scotia from C$83.00 to C$85.00 and gave the company an “outperform” rating in a research note on Wednesday, August 30th. Eight research analysts have rated the stock with a buy rating, Bank of Nova Scotia currently has a consensus rating of “Buy” and a consensus target price of C$88.46.
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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.
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