Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) insider Andrew Branion sold 6,252 shares of Bank of Nova Scotia stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of C$79.75, for a total transaction of C$498,597.00.
Shares of Bank of Nova Scotia (BNS) traded up C$0.48 during trading hours on Thursday, reaching C$82.36. 792,561 shares of the company were exchanged, compared to its average volume of 2,115,742. The stock has a market cap of $98,230.00, a PE ratio of 12.12 and a beta of 0.85. Bank of Nova Scotia has a one year low of C$73.31 and a one year high of C$85.50.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 26th. Stockholders of record on Tuesday, April 3rd will be paid a dividend of $0.82 per share. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.79. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.98%. Bank of Nova Scotia’s payout ratio is presently 45.72%.
BNS has been the topic of several analyst reports. Scotiabank boosted their price objective on shares of Bank of Nova Scotia from C$91.00 to C$93.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. CSFB boosted their price objective on shares of Bank of Nova Scotia from C$86.00 to C$87.00 in a research note on Thursday, March 1st. Royal Bank of Canada upped their price target on shares of Bank of Nova Scotia from C$92.00 to C$95.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Barclays upped their price objective on shares of Bank of Nova Scotia from C$87.00 to C$89.00 in a report on Wednesday, February 28th. Finally, National Bank Financial upped their price objective on shares of Bank of Nova Scotia from C$86.00 to C$88.00 and gave the company an “outperform” rating in a report on Wednesday, November 29th. Seven research analysts have rated the stock with a buy rating, Bank of Nova Scotia has a consensus rating of “Buy” and an average target price of C$91.00.
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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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