Q1 EPS Forecast for Bank of Nova Scotia Decreased by Analyst

The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) – Stock analysts at National Bank Financial decreased their Q1 2025 earnings per share (EPS) estimates for Bank of Nova Scotia in a note issued to investors on Monday, February 17th. National Bank Financial analyst G. Dechaine now forecasts that the bank will post earnings per share of $1.18 for the quarter, down from their previous forecast of $1.19. The consensus estimate for Bank of Nova Scotia’s current full-year earnings is $4.93 per share. National Bank Financial also issued estimates for Bank of Nova Scotia’s Q3 2025 earnings at $1.20 EPS, Q4 2025 earnings at $1.26 EPS and FY2025 earnings at $4.83 EPS.

A number of other brokerages have also commented on BNS. UBS Group raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Monday, November 18th. Canaccord Genuity Group raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Bank of America raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Tuesday, November 19th. Barclays raised Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a report on Thursday, November 21st. Finally, TD Securities raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Bank of Nova Scotia Price Performance

Shares of BNS opened at $50.96 on Wednesday. The firm has a market capitalization of $63.46 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.15 and a beta of 1.07. 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 one year low of $43.67 and a one year high of $57.07. The stock’s fifty day moving average is $52.32 and its 200-day moving average is $52.21.

Bank of Nova Scotia Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Tuesday, January 7th were issued a dividend of $0.7535 per share. This represents a $3.01 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date was Tuesday, January 7th. Bank of Nova Scotia’s payout ratio is currently 68.29%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new position in Bank of Nova Scotia during the fourth quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Bank of Nova Scotia in the 4th quarter valued at $31,000. Allworth Financial LP boosted 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 purchasing an additional 350 shares during the period. BNP Paribas Financial Markets boosted 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 purchasing an additional 810 shares during the period. Finally, Fortitude Family Office LLC acquired a new position in shares of Bank of Nova Scotia in the 4th quarter valued at $73,000. 49.13% of the stock is owned by institutional investors and hedge funds.

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.