Bank of Nova Scotia (TSE:BNS) Hits New 12-Month High – Still a Buy?

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$124.74 and last traded at C$124.30, with a volume of 1003959 shares traded. The stock had previously closed at C$124.14.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays boosted their price target on Bank of Nova Scotia from C$108.00 to C$110.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Canaccord Genuity Group raised their price objective on Bank of Nova Scotia from C$111.00 to C$121.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. National Bank Financial lifted their target price on Bank of Nova Scotia from C$100.00 to C$106.00 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Raymond James Financial upped their target price on Bank of Nova Scotia from C$120.00 to C$121.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Finally, TD raised their price target on shares of Bank of Nova Scotia from C$112.00 to C$113.00 and gave the stock a “hold” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Bank of Nova Scotia presently has a consensus rating of “Hold” and a consensus price target of C$111.54.

Bank of Nova Scotia Trading Up 0.6%

The firm has a 50-day simple moving average of C$115.35 and a two-hundred day simple moving average of C$106.05. The company has a market capitalization of C$153.57 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 1.33 and a beta of 1.29.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings data on Wednesday, May 27th. The bank reported C$2.02 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%.The business had revenue of C$9.85 billion during the quarter. Equities research analysts anticipate that The Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Bank of Nova Scotia Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 29th will be given a dividend of $1.14 per share. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $1.10. This represents a $4.56 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, July 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is 60.69%.

About Bank of Nova Scotia

Scotiabank’s vision is to be our clients’ most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: ‘for every future,’ we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at January 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).