Bank of Nova Scotia (BNS) Insider Sells C$1,652,000.00 in Stock
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) insider Barbara Frances Mason sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of C$82.60, for a total transaction of C$1,652,000.00.
Shares of Bank of Nova Scotia (TSE BNS) opened at C$83.60 on Friday. Bank of Nova Scotia has a 1-year low of C$73.31 and a 1-year high of C$85.50.
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings results on Tuesday, November 28th. The bank reported C$1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.68 by C($0.03). The company had revenue of C$6.81 billion for the quarter, compared to analysts’ expectations of C$7.05 billion. Bank of Nova Scotia had a net margin of 30.50% and a return on equity of 14.91%. During the same period in the previous year, the business earned $1.58 EPS.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, December 29th. Bank of Nova Scotia’s payout ratio is presently 47.00%.
Several analysts recently commented on BNS shares. BMO Capital Markets reissued an “outperform” rating and set a C$86.00 price objective on shares of Bank of Nova Scotia in a research report on Wednesday. Royal Bank Of Canada increased their price objective on shares of Bank of Nova Scotia from C$87.00 to C$91.00 and gave the company an “outperform” rating in a research report on Wednesday, November 29th. National Bank Financial increased their price objective on shares of Bank of Nova Scotia from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research report on Wednesday, November 29th. Scotiabank cut their price objective on shares of Bank of Nova Scotia from C$95.00 to C$94.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 29th. Finally, Citigroup increased their price objective on shares of Bank of Nova Scotia from C$90.00 to C$93.00 in a research report on Friday, November 17th. Eight investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of C$88.46.
TRADEMARK VIOLATION WARNING: “Bank of Nova Scotia (BNS) Insider Sells C$1,652,000.00 in Stock” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.watchlistnews.com/bank-of-nova-scotia-bns-insider-sells-c1652000-00-in-stock/1755202.html.
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.
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 Analyst Ratings Network's FREE daily email newsletter.