BNS FY2025 EPS Forecast Decreased by National Bank Financial

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Equities researchers at National Bank Financial decreased their FY2025 EPS estimates for shares of Bank of Nova Scotia in a research report issued to clients and investors on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now anticipates that the bank will earn $5.04 per share for the year, down from their prior estimate of $5.05. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.75 per share.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its quarterly earnings results on Tuesday, August 27th. The bank reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.01. The business had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.53 billion. Bank of Nova Scotia had a net margin of 9.84% and a return on equity of 11.14%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.30 earnings per share.

Other research analysts have also recently issued research reports about the company. Bank of America upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research report on Tuesday. Cibc World Mkts upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 20th. Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Tuesday. UBS Group raised shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Monday, November 18th. Finally, Canaccord Genuity Group raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.00.

Bank of Nova Scotia Stock Performance

Shares of BNS stock opened at $56.46 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.61. The stock has a 50 day simple moving average of $53.42 and a 200-day simple moving average of $49.41. The company has a market cap of $70.26 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. Bank of Nova Scotia has a 12-month low of $41.80 and a 12-month high of $56.71.

Institutional Investors Weigh In On Bank of Nova Scotia

A number of institutional investors and hedge funds have recently bought and sold shares of BNS. Mather Group LLC. raised its holdings in shares of Bank of Nova Scotia by 1,388.9% in the second quarter. Mather Group LLC. now owns 536 shares of the bank’s stock worth $25,000 after acquiring an additional 500 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Bank of Nova Scotia by 3,127.8% during the second quarter. Blue Trust Inc. now owns 581 shares of the bank’s stock valued at $27,000 after acquiring an additional 563 shares during the last quarter. BNP Paribas Financial Markets increased its position in Bank of Nova Scotia by 1,588.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 861 shares of the bank’s stock worth $47,000 after purchasing an additional 810 shares in the last quarter. City State Bank acquired a new position in Bank of Nova Scotia in the 3rd quarter valued at about $57,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Bank of Nova Scotia by 102.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the bank’s stock valued at $83,000 after purchasing an additional 811 shares in the last quarter. Hedge funds and other institutional investors own 49.13% of the company’s stock.

Bank of Nova Scotia Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Wednesday, October 2nd were paid a dividend of $0.768 per share. The ex-dividend date was Wednesday, October 2nd. This represents a $3.07 dividend on an annualized basis and a dividend yield of 5.44%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 74.88%.

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.