FY2025 EPS Estimates for Bank of Nova Scotia Cut by Cormark

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Research analysts at Cormark lowered their FY2025 earnings per share (EPS) estimates for Bank of Nova Scotia in a research note issued to investors on Wednesday, February 26th. Cormark analyst L. Persaud now expects that the bank will earn $4.85 per share for the year, down from their prior forecast of $4.94. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.91 per share. Cormark also issued estimates for Bank of Nova Scotia’s FY2026 earnings at $5.57 EPS.

A number of other equities analysts have also commented on BNS. Canaccord Genuity Group raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Royal Bank of Canada dropped their price target on Bank of Nova Scotia from $83.00 to $81.00 and set a “sector perform” rating for the company in a research note on Wednesday. Cibc World Mkts lowered Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. UBS Group raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note 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, November 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Bank of Nova Scotia presently has an average rating of “Hold” and an average price target of $75.50.

Bank of Nova Scotia Price Performance

Shares of Bank of Nova Scotia stock opened at $49.61 on Thursday. The stock has a 50 day moving average of $51.64 and a 200 day moving average of $52.38. Bank of Nova Scotia has a 12 month low of $43.67 and a 12 month high of $57.07. The firm has a market cap of $61.79 billion, a PE ratio of 11.48, 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.

Institutional Investors Weigh In On Bank of Nova Scotia

Several institutional investors have recently modified their holdings of BNS. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Bank of Nova Scotia in the fourth quarter worth approximately $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Bank of Nova Scotia in the fourth quarter worth approximately $31,000. Allworth Financial LP raised its holdings in shares of Bank of Nova Scotia by 121.1% in the fourth quarter. Allworth Financial LP now owns 639 shares of the bank’s stock worth $33,000 after buying an additional 350 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Bank of Nova Scotia by 1,588.2% in the third quarter. BNP Paribas Financial Markets now owns 861 shares of the bank’s stock worth $47,000 after buying an additional 810 shares during the period. Finally, Fortitude Family Office LLC purchased a new stake in shares of Bank of Nova Scotia in the fourth quarter worth approximately $73,000. 49.13% of the stock is owned by institutional investors.

Bank of Nova Scotia Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be paid a $0.7415 dividend. This represents a $2.97 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend is Tuesday, April 1st. Bank of Nova Scotia’s payout ratio is 68.06%.

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.