Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Equities researchers at National Bank Financial boosted their Q2 2019 earnings estimates for shares of Bank of Nova Scotia in a note issued to investors on Monday, February 18th. National Bank Financial analyst G. Dechaine now expects that the bank will post earnings per share of $1.35 for the quarter, up from their previous forecast of $1.34.
Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last posted its earnings results on Tuesday, November 27th. The bank reported $1.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.35. Bank of Nova Scotia had a return on equity of 14.31% and a net margin of 21.04%. The company had revenue of $7.45 billion for the quarter, compared to the consensus estimate of $7.64 billion. During the same quarter in the prior year, the company earned $1.64 earnings per share. Bank of Nova Scotia’s revenue was up 9.3% on a year-over-year basis.
BNS stock opened at $57.10 on Thursday. Bank of Nova Scotia has a fifty-two week low of $48.34 and a fifty-two week high of $63.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $70.30 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 1.56 and a beta of 1.19.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Merit Financial Group LLC increased its position in Bank of Nova Scotia by 4.1% in the fourth quarter. Merit Financial Group LLC now owns 5,838 shares of the bank’s stock worth $291,000 after buying an additional 228 shares in the last quarter. Cornerstone Advisors Inc. increased its position in Bank of Nova Scotia by 14.5% in the fourth quarter. Cornerstone Advisors Inc. now owns 2,114 shares of the bank’s stock worth $105,000 after buying an additional 268 shares in the last quarter. Nwam LLC increased its position in Bank of Nova Scotia by 5.5% in the fourth quarter. Nwam LLC now owns 5,355 shares of the bank’s stock worth $267,000 after buying an additional 280 shares in the last quarter. Creative Planning increased its position in Bank of Nova Scotia by 2.3% in the fourth quarter. Creative Planning now owns 13,224 shares of the bank’s stock worth $659,000 after buying an additional 303 shares in the last quarter. Finally, Bogart Wealth LLC increased its position in Bank of Nova Scotia by 26.8% in the fourth quarter. Bogart Wealth LLC now owns 1,655 shares of the bank’s stock worth $82,000 after buying an additional 350 shares in the last quarter. Institutional investors and hedge funds own 47.54% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 29th. Shareholders of record on Wednesday, January 2nd were given a $0.646 dividend. This represents a $2.58 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date was Monday, December 31st. Bank of Nova Scotia’s payout ratio is 45.77%.
About Bank of Nova Scotia
The Bank of Nova Scotia provides various banking products and services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. The company 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.
See Also: How to interpret a stock’s beta number
Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with MarketBeat.com's FREE daily email newsletter.