2 weeks Ago By ABMN Staff
The Bank of Nova Scotia ( NYSE:BNS – Get Free Report ) (TSE:BNS) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 29,550,000 shares, an increase of 22.8% from the August 31st total of 24,070,000 shares.
Based on an average daily trading volume, of 1,650,000 shares, the short-interest ratio is currently 17.9 days. Currently, 2.
4% of the company’s shares are sold short. Bank of Nova Scotia Stock Up 0.1 % BNS traded up $0.
05 during midday trading on Monday, hitting $54.49. The company had a trading volume of 8,702,563 shares, compared to its average volume of 1,858,781.
The company has a market capitalization of $67.00 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.
71 and a beta of 1.04. The stock’s 50 day moving average price is $49.
00 and its 200 day moving average price is $48.09. The company has a quick ratio of 1.
02, a current ratio of 1.02 and a debt-to-equity ratio of 0.61.
Bank of Nova Scotia has a 52 week low of $39.79 and a 52 week high of $55.12.
Bank of Nova Scotia ( NYSE:BNS – Get Free Report ) (TSE:BNS) last posted its quarterly earnings results on Tuesday, August 27th. The bank reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.
62 by $0.01. The business had revenue of $8.
36 billion for the quarter, compared to the consensus estimate of $8.53 billion. Bank of Nova Scotia had a return on equity of 11.
14% and a net margin of 9.84%. The firm’s revenue for the quarter was up 3.
7% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 EPS.
On average, research analysts anticipate that Bank of Nova Scotia will post 4.8 earnings per share for the current fiscal year. Bank of Nova Scotia Cuts Dividend Wall Street Analysts Forecast Growth A number of equities analysts recently commented on BNS shares.
Cibc World Mkts raised Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 20th. UBS Group began coverage on shares of Bank of Nova Scotia in a research report on Tuesday, July 2nd. They issued a “neutral” rating on the stock.
Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $69.00.
View Our Latest Research Report on Bank of Nova Scotia Institutional Investors Weigh In On Bank of Nova Scotia Hedge funds have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Bank of Nova Scotia in the second quarter worth about $120,463,000. 1832 Asset Management L.
P. increased its stake in shares of Bank of Nova Scotia by 16.1% during the 1st quarter.
1832 Asset Management L.P. now owns 17,015,877 shares of the bank’s stock worth $881,082,000 after purchasing an additional 2,361,136 shares during the last quarter.
Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Bank of Nova Scotia by 17.6% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 14,563,337 shares of the bank’s stock worth $753,658,000 after purchasing an additional 2,178,633 shares during the period.
Nicola Wealth Management LTD. purchased a new position in Bank of Nova Scotia in the first quarter valued at approximately $77,670,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Bank of Nova Scotia by 2,455.
8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,521,906 shares of the bank’s stock valued at $69,627,000 after purchasing an additional 1,462,360 shares during the period. 49.
13% of the stock is currently owned by institutional investors. Bank of Nova Scotia Company Profile ( Get Free Report ) 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.
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