Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) – Stock analysts at Cormark decreased their FY2017 earnings per share (EPS) estimates for Bank of Nova Scotia in a note issued to investors on Friday. Cormark analyst M. Grauman now forecasts that the bank will post earnings per share of $6.57 for the year, down from their previous forecast of $6.59. Cormark also issued estimates for Bank of Nova Scotia’s Q4 2017 earnings at $1.68 EPS and FY2019 earnings at $7.46 EPS.
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A number of other equities analysts have also recently weighed in on BNS. CIBC upped their price target on shares of Bank of Nova Scotia from C$87.00 to C$93.00 in a research note on Monday, November 13th. Citigroup Inc. boosted their price objective on shares of Bank of Nova Scotia from C$90.00 to C$93.00 in a research report on Friday. Barclays PLC boosted their price objective on shares of Bank of Nova Scotia from C$86.00 to C$88.00 in a research report on Friday, August 11th. Canaccord Genuity boosted their price objective on shares of Bank of Nova Scotia from C$88.00 to C$92.00 in a research report on Wednesday, November 1st. Finally, BMO Capital Markets boosted their price objective on shares of Bank of Nova Scotia from C$83.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 30th. Eight investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of C$87.46.
Bank of Nova Scotia (TSE:BNS) opened at C$84.87 on Monday. Bank of Nova Scotia has a 12 month low of C$72.12 and a 12 month high of C$85.20.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Tuesday, October 3rd were given a $0.79 dividend. The ex-dividend date of this dividend was Monday, October 2nd. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.76. This represents a $3.16 annualized dividend and a dividend yield of 3.72%. Bank of Nova Scotia’s payout ratio is currently 46.73%.
In other Bank of Nova Scotia news, insider Deborah Alexander sold 7,114 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$76.76, for a total value of C$546,070.64. Also, insider Kyle Mcnamara sold 3,036 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of C$80.53, for a total transaction of C$244,489.08. Over the last 90 days, insiders sold 10,364 shares of company stock worth $807,789.
Bank of Nova Scotia Company Profile
The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
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