Q1 EPS Estimate for Bank of Nova Scotia Decreased by Analyst

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Stock analysts at National Bank Financial decreased their Q1 2025 earnings per share (EPS) estimates for shares of Bank of Nova Scotia in a research note issued on Monday, February 17th. National Bank Financial analyst G. Dechaine now anticipates that the bank will post earnings per share of $1.18 for the quarter, down from their prior forecast of $1.19. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.93 per share. National Bank Financial also issued estimates for Bank of Nova Scotia’s Q3 2025 earnings at $1.20 EPS, Q4 2025 earnings at $1.26 EPS and FY2025 earnings at $4.83 EPS.

BNS has been the topic of a number of other research reports. Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Barclays raised Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a research note on Thursday, November 21st. CIBC reaffirmed a “neutral” rating on shares of Bank of Nova Scotia in a research report on Tuesday. Royal Bank of Canada upped their price target on Bank of Nova Scotia from $65.00 to $74.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 4th. Finally, UBS Group upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Bank of Nova Scotia Stock Performance

BNS opened at $50.84 on Wednesday. The company has a market cap of $63.32 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.16 and a beta of 1.07. The company’s fifty day moving average price is $52.22 and its two-hundred day moving average price is $52.20. Bank of Nova Scotia has a 1-year low of $43.67 and a 1-year high of $57.07. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59.

Institutional Investors Weigh In On Bank of Nova Scotia

Several large investors have recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp bought a new position in Bank of Nova Scotia during the fourth quarter valued at $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Bank of Nova Scotia during the 4th quarter worth $31,000. Allworth Financial LP increased its holdings in Bank of Nova Scotia by 121.1% in the 4th quarter. Allworth Financial LP now owns 639 shares of the bank’s stock worth $33,000 after acquiring an additional 350 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Bank of Nova Scotia by 1,588.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 861 shares of the bank’s stock valued at $47,000 after acquiring an additional 810 shares during the period. Finally, Fortitude Family Office LLC purchased a new stake in Bank of Nova Scotia during the fourth quarter valued at about $73,000. 49.13% of the stock is owned by hedge funds and other institutional investors.

Bank of Nova Scotia Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Tuesday, January 7th were issued a dividend of $0.7535 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $3.01 dividend on an annualized basis and a yield of 5.93%. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 68.29%.

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.