FY2026 EPS Estimate for Bank of Nova Scotia Cut by Analyst

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Cormark cut their FY2026 EPS estimates for shares of Bank of Nova Scotia in a research report issued on Friday, February 21st. Cormark analyst L. Persaud now forecasts that the bank will post earnings of $5.59 per share for the year, down from their previous estimate of $5.67. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.91 per share.

Several other analysts also recently commented on the company. CIBC reaffirmed a “neutral” rating on shares of Bank of Nova Scotia in a research note on Tuesday, February 18th. TD Securities raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. UBS Group upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Monday, November 18th. Barclays upgraded Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a report on Thursday, November 21st. Finally, Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Bank of Nova Scotia currently has an average rating of “Hold” and a consensus price target of $72.00.

Bank of Nova Scotia Trading Down 1.5 %

NYSE BNS opened at $49.88 on Monday. The company has a market capitalization of $62.12 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 1.16 and a beta of 1.07. Bank of Nova Scotia has a 12 month low of $43.67 and a 12 month high of $57.07. The firm’s fifty day moving average price is $51.85 and its 200 day moving average price is $52.38. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03.

Bank of Nova Scotia Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Tuesday, January 7th were paid a dividend of $0.7535 per share. This represents a $3.01 annualized dividend and a dividend yield of 6.04%. The ex-dividend date of this dividend was Tuesday, January 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 68.06%.

Institutional Investors Weigh In On Bank of Nova Scotia

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Bank of Nova Scotia during the 4th quarter valued at approximately $690,746,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Bank of Nova Scotia by 260.1% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 5,480,486 shares of the bank’s stock valued at $298,575,000 after purchasing an additional 3,958,580 shares during the period. Pathway Financial Advisers LLC boosted its position in Bank of Nova Scotia by 5,380.9% during the 3rd quarter. Pathway Financial Advisers LLC now owns 3,972,234 shares of the bank’s stock worth $216,447,000 after acquiring an additional 3,899,760 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Bank of Nova Scotia by 24.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,757,961 shares of the bank’s stock worth $640,624,000 after purchasing an additional 2,346,995 shares during the period. Finally, Toronto Dominion Bank lifted its stake in shares of Bank of Nova Scotia by 9.6% in the 3rd quarter. Toronto Dominion Bank now owns 24,990,868 shares of the bank’s stock worth $1,361,752,000 after acquiring an additional 2,195,604 shares during the period. Institutional investors own 49.13% of the company’s stock.

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.