Barbara Frances Mason Sells 20,000 Shares of Bank of Nova Scotia (BNS) Stock

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.

Insider Buying and Selling by Quarter for Bank of Nova Scotia (TSE:BNS)

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