Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Stock analysts at Desjardins cut their Q1 2018 EPS estimates for Bank of Nova Scotia in a report released on Monday. Desjardins analyst D. Young now forecasts that the bank will post earnings per share of $1.30 for the quarter, down from their previous estimate of $1.33. Desjardins also issued estimates for Bank of Nova Scotia’s Q2 2018 earnings at $1.30 EPS, Q3 2018 earnings at $1.37 EPS and Q4 2018 earnings at $1.37 EPS.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last posted its quarterly earnings results on Tuesday, November 28th. The bank reported $1.32 EPS for the quarter, meeting the consensus estimate of $1.32. Bank of Nova Scotia had a net margin of 22.20% and a return on equity of 14.62%. The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.64 billion.

Other research analysts also recently issued research reports about the stock. Scotiabank reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Bank of Nova Scotia in a research report on Wednesday, November 22nd. Zacks Investment Research downgraded shares of Bank of Nova Scotia from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Canaccord Genuity reaffirmed a “buy” rating and issued a $93.00 price objective on shares of Bank of Nova Scotia in a research report on Tuesday, December 5th. Finally, Macquarie began coverage on shares of Bank of Nova Scotia in a research report on Tuesday, October 24th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Bank of Nova Scotia currently has an average rating of “Buy” and an average target price of $86.00.

Shares of Bank of Nova Scotia (NYSE BNS) opened at $61.03 on Tuesday. Bank of Nova Scotia has a twelve month low of $53.86 and a twelve month high of $66.78. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $73,410.00, a PE ratio of 11.83, a PEG ratio of 1.38 and a beta of 1.26.

Institutional investors have recently modified their holdings of the company. Arcadia Investment Management Corp MI grew its position in shares of Bank of Nova Scotia by 320.4% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,955 shares of the bank’s stock worth $126,000 after buying an additional 1,490 shares during the last quarter. Pinebridge Investments L.P. purchased a new position in shares of Bank of Nova Scotia in the 4th quarter worth approximately $204,000. Huntington National Bank grew its position in Bank of Nova Scotia by 69.8% during the 4th quarter. Huntington National Bank now owns 2,649 shares of the bank’s stock worth $171,000 after purchasing an additional 1,089 shares during the last quarter. London Co. of Virginia purchased a new stake in Bank of Nova Scotia during the 4th quarter worth approximately $200,000. Finally, Partnervest Advisory Services LLC purchased a new stake in Bank of Nova Scotia during the 4th quarter worth approximately $201,000. 46.29% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Tuesday, January 2nd were given a $0.617 dividend. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Friday, December 29th. Bank of Nova Scotia’s payout ratio is currently 49.61%.

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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.

Earnings History and Estimates for Bank of Nova Scotia (NYSE:BNS)

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