The Financial institution of Nova Scotia (NYSE:BNS – Get Rating) (TSE:BNS) has attained an normal score of “Keep” from the fourteen analysts that are presently masking the firm, Marketbeat.com stories. Seven analysts have rated the stock with a maintain score and a single has issued a purchase score on the business. The normal 12 thirty day period rate concentrate on amid analysts that have up-to-date their coverage on the inventory in the very last calendar year is $89.50.
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Separately, Scotiabank decreased their goal selling price on shares of Bank of Nova Scotia from C$83.50 to C$81.50 and established a “sector perform” score on the inventory in a report on Wednesday, November 30th.
Institutional Investing of Lender of Nova Scotia
A number of hedge money have recently extra to or lowered their stakes in the inventory. Raymond James Financial Companies Advisors Inc. lifted its holdings in shares of Bank of Nova Scotia by 59.1% for the duration of the to start with quarter. Raymond James Fiscal Solutions Advisors Inc. now owns 26,438 shares of the bank’s inventory really worth $1,896,000 after obtaining an further 9,818 shares for the duration of the interval. Cambridge Expense Research Advisors Inc. lifted its holdings in shares of Lender of Nova Scotia by 2.7% throughout the first quarter. Cambridge Financial investment Analysis Advisors Inc. now owns 18,359 shares of the bank’s inventory really worth $1,317,000 immediately after acquiring an more 475 shares through the period of time. Cetera Advisor Networks LLC obtained a new place in shares of Financial institution of Nova Scotia during the very first quarter worth $366,000. Non-public Advisor Group LLC lifted its holdings in Lender of Nova Scotia by 56.3% in the 1st quarter. Non-public Advisor Team LLC now owns 7,272 shares of the bank’s inventory valued at $522,000 following buying an extra 2,619 shares in the course of the period. Lastly, BlackRock Inc. lifted its holdings in Lender of Nova Scotia by 10.3% in the initial quarter. BlackRock Inc. now owns 870,918 shares of the bank’s inventory valued at $62,462,000 right after buying an additional 81,002 shares in the course of the time period. Institutional buyers and hedge money have 45.19% of the firm’s inventory.
Financial institution of Nova Scotia Stock Down .4 %
Financial institution of Nova Scotia stock opened at $52.44 on Monday. Bank of Nova Scotia has a twelve month low of $45.26 and a twelve month superior of $74.82. The firm’s 50-working day moving regular cost is $51.77 and its two-hundred working day relocating common price is $51.95. The stock has a industry cap of $62.50 billion, a P/E ratio of 8.40, a P/E/G ratio of 1.98 and a beta of 1.01. The organization has a brief ratio of 1.05, a present-day ratio of 1.05 and a financial debt-to-equity ratio of .46.
Lender of Nova Scotia (NYSE:BNS – Get Score) (TSE:BNS) final announced its earnings benefits on Tuesday, November 29th. The lender reported $1.55 EPS for the quarter, topping the consensus estimate of $1.49 by $.06. Bank of Nova Scotia had a internet margin of 21.26% and a return on fairness of 15.54%. The business had revenue of $5.73 billion for the quarter, when compared to analysts’ anticipations of $6.21 billion. As a team, analysts be expecting that Lender of Nova Scotia will write-up 6.13 EPS for the present-day 12 months.
Financial institution of Nova Scotia Cuts Dividend
The company also lately introduced a quarterly dividend, which was paid on Friday, January 27th. Shareholders of document on Wednesday, January 4th were being presented a $.756 dividend. The ex-dividend date was Tuesday, January 3rd. This signifies a $3.02 dividend on an annualized foundation and a yield of 5.77%. Financial institution of Nova Scotia’s dividend payout ratio is at this time 48.56%.
About Financial institution of Nova Scotia
The Lender of Nova Scotia engages in the provision of economical solutions and companies such as own, business, company, and expense banking. It operates as a result of the adhering to segments: Canadian Banking, Global Banking, Global Prosperity Administration, Worldwide Banking and Marketplaces, and Other. The Other segment consists of group treasury and lesser functioning segments.
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