Equities Analysts Set Expectations for BNS FY2025 Earnings

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Research analysts at National Bank Financial lifted their FY2025 earnings per share (EPS) estimates for Bank of Nova Scotia in a report issued on Tuesday, February 25th. National Bank Financial analyst G. Dechaine now anticipates that the bank will post earnings per share of $4.86 for the year, up from their previous forecast of $4.83. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.91 per share.

Several other analysts have also recently issued reports on BNS. 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. CIBC reiterated a “neutral” rating on shares of Bank of Nova Scotia in a report 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. Barclays raised Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a research report on Thursday, November 21st. Finally, UBS Group upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $75.50.

Bank of Nova Scotia Price Performance

BNS opened at $49.68 on Friday. The firm has a market cap of $61.87 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 1.16 and a beta of 1.07. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The stock’s 50-day moving average price is $51.72 and its 200 day moving average price is $52.35. Bank of Nova Scotia has a 12-month low of $43.67 and a 12-month high of $57.07.

Bank of Nova Scotia Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.7415 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.97 annualized dividend and a dividend yield of 5.97%. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 68.06%.

Hedge Funds Weigh In On Bank of Nova Scotia

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Bank of Nova Scotia by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 51,363,146 shares of the bank’s stock worth $2,758,150,000 after buying an additional 969,488 shares during the last quarter. Toronto Dominion Bank lifted its stake in Bank of Nova Scotia by 1.7% during the fourth quarter. Toronto Dominion Bank now owns 25,425,639 shares of the bank’s stock worth $1,363,619,000 after purchasing an additional 434,771 shares during the last quarter. TD Asset Management Inc. lifted its stake in Bank of Nova Scotia by 1.7% during the fourth quarter. TD Asset Management Inc. now owns 18,966,078 shares of the bank’s stock worth $1,017,933,000 after purchasing an additional 308,837 shares during the last quarter. Norges Bank acquired a new position in Bank of Nova Scotia in the fourth quarter valued at approximately $690,746,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Bank of Nova Scotia by 24.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,757,961 shares of the bank’s stock valued at $640,624,000 after purchasing an additional 2,346,995 shares during the last quarter. Institutional investors and hedge funds own 49.13% of the company’s stock.

Bank of Nova Scotia Company Profile

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.