Bank of Nova Scotia (The) (NYSE:BNS) Given News Impact Score of 0.08
Media headlines about Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bank of Nova Scotia (The) earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 46.1648126447704 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- iA Financial Group Completes the Acquisition of HollisWealth from Scotiabank (finance.yahoo.com)
- Scotiabank mourns the loss of Jack Rabinovitch, founder of Giller Prize (finance.yahoo.com)
- Shares Seesawing on Volume: Bank of Nova Scotia (BNS) – Stock Press Daily (stockpressdaily.com)
- Bank of Nova Scotia (BNS.TO) Needle Moving 0.18% – Evergreen Caller (evergreencaller.com)
- Bank of Nova Scotia (BNS) Given Consensus Rating of “Buy” by Brokerages (elcumanes.com)
Shares of Bank of Nova Scotia (NYSE BNS) traded down 0.36% during trading on Wednesday, hitting $61.41. The stock had a trading volume of 427,633 shares. Bank of Nova Scotia has a 52 week low of $50.43 and a 52 week high of $63.07. The company has a market capitalization of $73.81 billion, a PE ratio of 12.30 and a beta of 1.26. The firm has a 50-day moving average price of $61.15 and a 200 day moving average price of $58.94.
Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last posted its quarterly earnings data on Tuesday, May 30th. The bank reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.08. Bank of Nova Scotia (The) had a return on equity of 14.45% and a net margin of 22.17%. The firm had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $6.73 billion. During the same period in the prior year, the business earned $1.46 EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts anticipate that Bank of Nova Scotia will post $5.11 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Tuesday, July 4th were issued a dividend of $0.5635 per share. This represents a $2.25 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Thursday, June 29th. Bank of Nova Scotia (The)’s dividend payout ratio is presently 46.97%.
Bank of Nova Scotia (The) announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, May 30th that authorizes the company to buyback 24,000,000 shares. This buyback authorization authorizes the bank to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
Several analysts recently weighed in on BNS shares. Bank of America Corporation raised their price objective on Bank of Nova Scotia (The) from $81.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. Zacks Investment Research raised Bank of Nova Scotia (The) from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Tuesday, July 18th. Canaccord Genuity started coverage on Bank of Nova Scotia (The) in a research note on Tuesday, July 18th. They set a “buy” rating on the stock. BidaskClub raised Bank of Nova Scotia (The) from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, Royal Bank Of Canada lifted their price target on Bank of Nova Scotia (The) from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $74.67.
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Bank of Nova Scotia (The) 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.
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