Headlines about Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bank of Nova Scotia earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 46.626707483642 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
- /R E P E A T — Scotiabank to Announce Second Quarter Results/ (finance.yahoo.com)
- Companhia de Saneamento do Parana – SANEPAR — Moody’s assigns Ba2/Aa2.br ratings to Sanepar’s proposed BRL 250 million unsecured debentures due in 2021-23, outlook is stable (finance.yahoo.com)
- Bank of Nova Scotia Target of Unusually Large Options Trading (BNS) (americanbankingnews.com)
- The Scotiabank Charity Challenge Continues to Drive Community Commitment (finance.yahoo.com)
- Rates Linkup Comes Back to Sting Dollar Bulls (bloomberg.com)
BNS has been the topic of a number of recent analyst reports. ValuEngine cut Bank of Nova Scotia from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. Zacks Investment Research cut Bank of Nova Scotia from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $85.80.
Shares of Bank of Nova Scotia traded down $0.30, hitting $62.26, during trading on Thursday, Marketbeat reports. 535,147 shares of the company’s stock traded hands, compared to its average volume of 712,383. Bank of Nova Scotia has a 52 week low of $55.91 and a 52 week high of $66.78. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $75.14 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.53 and a beta of 1.28.
Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its quarterly earnings data on Tuesday, February 27th. The bank reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.07. Bank of Nova Scotia had a return on equity of 14.78% and a net margin of 22.69%. The business had revenue of $7.09 billion for the quarter, compared to analysts’ expectations of $7.01 billion. During the same quarter in the previous year, the business posted $1.57 EPS. Bank of Nova Scotia’s revenue for the quarter was up 3.2% on a year-over-year basis. research analysts expect that Bank of Nova Scotia will post 5.52 earnings per share for the current year.
Bank of Nova Scotia announced that its Board of Directors has initiated a share buyback plan on Monday, February 12th that permits the company to repurchase outstanding shares. This repurchase authorization permits the bank to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 26th. Stockholders of record on Tuesday, April 3rd were issued a dividend of $0.6454 per share. This represents a $2.58 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend was Monday, April 2nd. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $0.62. Bank of Nova Scotia’s payout ratio is 48.47%.
Bank of Nova Scotia Company Profile
The Bank of Nova Scotia provides various financial services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. It offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.
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