Cormark Research Analysts Cut Earnings Estimates for BNS

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Research analysts at Cormark dropped their FY2025 earnings per share (EPS) estimates for shares of Bank of Nova Scotia in a research note issued to investors on Wednesday, February 26th. Cormark analyst L. Persaud now expects that the bank will post earnings per share of $4.85 for the year, down from their prior forecast of $4.94. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.91 per share. Cormark also issued estimates for Bank of Nova Scotia’s FY2026 earnings at $5.57 EPS.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Cibc World Mkts lowered shares of Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. TD Securities raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Barclays raised Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a research note on Thursday, November 21st. Finally, UBS Group upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Bank of Nova Scotia presently has a consensus rating of “Hold” and a consensus target price of $75.50.

Bank of Nova Scotia Stock Performance

Shares of NYSE:BNS opened at $50.45 on Thursday. The business has a fifty day moving average of $51.79 and a 200-day moving average of $52.37. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.03. Bank of Nova Scotia has a twelve month low of $43.67 and a twelve month high of $57.07. The firm has a market cap of $62.84 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.16 and a beta of 1.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Murphy & Mullick Capital Management Corp bought a new stake in Bank of Nova Scotia in the fourth quarter valued at about $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Bank of Nova Scotia in the 4th quarter valued at about $31,000. Allworth Financial LP raised its position in shares of Bank of Nova Scotia by 121.1% in the 4th quarter. Allworth Financial LP now owns 639 shares of the bank’s stock valued at $33,000 after acquiring an additional 350 shares during the period. BNP Paribas Financial Markets raised its position in shares of Bank of Nova Scotia by 1,588.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 861 shares of the bank’s stock valued at $47,000 after acquiring an additional 810 shares during the period. Finally, Fortitude Family Office LLC bought a new position in Bank of Nova Scotia during the 4th quarter worth approximately $73,000. 49.13% of the stock is currently owned by institutional investors.

Bank of Nova Scotia Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.7415 per share. This represents a $2.97 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend is Tuesday, April 1st. Bank of Nova Scotia’s payout ratio is 68.06%.

About Bank of Nova Scotia

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.