Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) shares saw an uptick in trading volume on Monday . 1,414,869 shares changed hands during trading, an increase of 87% from the previous session’s volume of 754,730 shares.The stock last traded at $53.17 and had previously closed at $53.08.
A number of brokerages have recently weighed in on BNS. TD Securities lowered Bank of Nova Scotia from a “buy” rating to a “hold” rating in a research report on Tuesday, February 26th. Zacks Investment Research raised Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Desjardins reaffirmed an “average” rating and set a $81.00 target price on shares of Bank of Nova Scotia in a research report on Wednesday, February 27th. Finally, Barclays reaffirmed a “buy” rating on shares of Bank of Nova Scotia in a research report on Friday, May 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $79.50.
The firm has a market capitalization of $65.24 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 1.97 and a beta of 1.17. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.27.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 2nd were paid a $0.663 dividend. This represents a $2.65 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend was Monday, April 1st. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.65. Bank of Nova Scotia’s dividend payout ratio is 47.98%.
A number of large investors have recently made changes to their positions in BNS. Atlas Capital Advisors LLC grew its stake in shares of Bank of Nova Scotia by 456.6% during the 1st quarter. Atlas Capital Advisors LLC now owns 462 shares of the bank’s stock worth $25,000 after acquiring an additional 379 shares during the period. Private Capital Group LLC grew its stake in shares of Bank of Nova Scotia by 9,420.0% during the 1st quarter. Private Capital Group LLC now owns 476 shares of the bank’s stock worth $25,000 after acquiring an additional 471 shares during the period. Lindbrook Capital LLC bought a new position in shares of Bank of Nova Scotia during the 4th quarter worth $32,000. Pinnacle Bank bought a new position in shares of Bank of Nova Scotia during the 4th quarter worth $37,000. Finally, Avestar Capital LLC grew its stake in shares of Bank of Nova Scotia by 630.8% during the 1st quarter. Avestar Capital LLC now owns 782 shares of the bank’s stock worth $39,000 after acquiring an additional 675 shares during the period. Hedge funds and other institutional investors own 48.80% of the company’s stock.
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About Bank of Nova Scotia (NYSE:BNS)
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.
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