Bank of Nova Scotia (BNS) Insider Sells C$24,730.68 in Stock

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) insider Andrew Branion sold 332 shares of the firm’s stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of C$74.49, for a total value of C$24,730.68.

Shares of Bank of Nova Scotia stock opened at C$71.71 on Friday. Bank of Nova Scotia has a 12 month low of C$71.46 and a 12 month high of C$85.50.

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Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data on Tuesday, August 28th. The bank reported C$1.76 EPS for the quarter, missing the consensus estimate of C$1.78 by C($0.02). The firm had revenue of C$7.18 billion for the quarter, compared to analysts’ expectations of C$7.25 billion. Bank of Nova Scotia had a net margin of 32.97% and a return on equity of 16.32%.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 29th. Shareholders of record on Tuesday, October 2nd will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Monday, October 1st. This represents a $3.40 annualized dividend and a yield of 4.74%. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.82.

Several equities analysts have commented on the company. Eight Capital raised their price objective on Bank of Nova Scotia from C$93.00 to C$94.00 in a research report on Wednesday, August 29th. TD Securities lowered their price objective on Bank of Nova Scotia from C$95.00 to C$90.00 and set a “buy” rating for the company in a research report on Wednesday, August 29th. Finally, National Bank Financial lowered their price objective on Bank of Nova Scotia from C$85.00 to C$81.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$88.62.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various financial services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. It 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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