Shares of The Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) hit a new 52-week high on Wednesday . The company traded as high as C$69.22 and last traded at C$69.21, with a volume of 1219095 shares traded. The stock had previously closed at C$68.46.
Wall Street Analyst Weigh In
Several equities research analysts have commented on BNS shares. Canaccord Genuity Group boosted their target price on Bank of Nova Scotia from C$65.00 to C$67.50 and gave the stock a “hold” rating in a report on Wednesday, February 28th. Royal Bank of Canada boosted their price target on Bank of Nova Scotia from C$62.00 to C$64.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 28th. National Bankshares upped their price objective on Bank of Nova Scotia from C$66.00 to C$67.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Jefferies Financial Group boosted their price target on Bank of Nova Scotia from C$63.00 to C$66.00 and gave the company a “hold” rating in a report on Wednesday, February 28th. Finally, Desjardins boosted their price target on Bank of Nova Scotia from C$64.00 to C$68.00 and gave the company a “hold” rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$66.66.
Read Our Latest Stock Report on BNS
Bank of Nova Scotia Trading Up 0.9 %
Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) last issued its earnings results on Tuesday, February 27th. The bank reported C$1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.61 by C$0.08. The company had revenue of C$8.43 billion during the quarter, compared to analyst estimates of C$8.12 billion. Bank of Nova Scotia had a return on equity of 10.20% and a net margin of 26.75%. Research analysts predict that The Bank of Nova Scotia will post 6.5794033 earnings per share for the current fiscal year.
Bank of Nova Scotia Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Tuesday, April 2nd will be paid a dividend of $1.06 per share. The ex-dividend date is Monday, April 1st. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.05%. Bank of Nova Scotia’s payout ratio is currently 69.39%.
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.
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