FY2025 EPS Forecast for Bank of Nova Scotia Cut by Analyst

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Equities research analysts at Cormark decreased their FY2025 EPS estimates for Bank of Nova Scotia in a research report issued on Wednesday, December 4th. Cormark analyst L. Persaud now expects that the bank will earn $4.94 per share for the year, down from their prior estimate of $5.08. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $5.06 per share. Cormark also issued estimates for Bank of Nova Scotia’s FY2026 earnings at $5.67 EPS.

A number of other equities analysts have also issued reports on BNS. UBS Group upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research report on Monday, November 18th. Cibc World Mkts raised 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 raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Barclays raised shares of Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada boosted their price target on shares of Bank of Nova Scotia from $65.00 to $74.00 and gave the stock a “sector perform” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $72.00.

Bank of Nova Scotia Price Performance

Shares of BNS stock opened at $55.79 on Thursday. Bank of Nova Scotia has a 1 year low of $43.67 and a 1 year high of $57.07. The firm’s 50 day moving average is $53.90 and its 200-day moving average is $49.92. The firm has a market capitalization of $69.42 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 1.41 and a beta of 1.07. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.61.

Bank of Nova Scotia Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th will be paid a $0.7535 dividend. This represents a $3.01 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend is Tuesday, January 7th. Bank of Nova Scotia’s payout ratio is presently 72.45%.

Institutional Investors Weigh In On Bank of Nova Scotia

Large investors have recently made changes to their positions in the stock. Mather Group LLC. increased its position in shares of Bank of Nova Scotia by 1,388.9% during the second quarter. Mather Group LLC. now owns 536 shares of the bank’s stock worth $25,000 after acquiring an additional 500 shares in the last quarter. Blue Trust Inc. increased its position 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 worth $27,000 after acquiring an additional 563 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Bank of Nova Scotia by 1,588.2% during the third quarter. BNP Paribas Financial Markets now owns 861 shares of the bank’s stock worth $47,000 after acquiring an additional 810 shares in the last quarter. City State Bank bought a new stake in shares of Bank of Nova Scotia during the third quarter worth $57,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Bank of Nova Scotia during the second quarter worth $104,000. Institutional investors own 49.13% of the company’s stock.

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.