Bank of Nova Scotia (NYSE:BNS) Stock Purchase Disclosed by Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Bank of Nova Scotia (The) (NYSE:BNS). In a filing disclosed on November 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Bank of Nova Scotia stock on October 9th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 11/2/2026.
• Purchased $1,001 – $15,000 in shares of argenex (NASDAQ:ARGX) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Illumina (NASDAQ:ILMN) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Revvity (NYSE:RVTY) on 10/27/2026.
• Sold $15,001 – $50,000 in shares of PTC (NASDAQ:PTC) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of MACOM Technology Solutions (NASDAQ:MTSI) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Micron Solutions (OTCMKTS:MICR) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 10/21/2026.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 10/21/2026.

Bank of Nova Scotia Trading Down 0.7%

BNS traded down $0.62 during trading on Thursday, reaching $92.69. 652,033 shares of the stock traded hands, compared to its average volume of 2,216,259. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.98. The stock’s 50-day moving average is $92.45 and its 200 day moving average is $83.21. Bank of Nova Scotia has a 12 month low of $65.99 and a 12 month high of $96.85. The stock has a market capitalization of $112.69 billion, a PE ratio of 16.77, a P/E/G ratio of 0.93 and a beta of 1.14.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its earnings results on Tuesday, August 25th. The bank reported $1.64 EPS for the quarter, topping the consensus estimate of $1.53 by $0.11. Bank of Nova Scotia had a return on equity of 16.12% and a net margin of 13.91%. The business had revenue of $7.52 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter last year, the firm posted $1.84 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis. Equities analysts anticipate that Bank of Nova Scotia will post 6.19 earnings per share for the current year.

Bank of Nova Scotia Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Tuesday, October 6th were given a dividend of C$1.14 per share. The ex-dividend date was Tuesday, October 6th. This represents a $4.56 annualized dividend and a dividend yield of 4.9%. Bank of Nova Scotia’s dividend payout ratio is 57.87%.

Bank of Nova Scotia declared that its Board of Directors has authorized a share repurchase program on Friday, October 2nd that permits the company to repurchase 40,000,000 outstanding shares. This buyback authorization permits the bank to repurchase up to 3.3% of its shares through open market purchases. Share buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages recently weighed in on BNS. TD raised shares of Bank of Nova Scotia to a “buy” rating in a research report on Wednesday, August 26th. TD Securities raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday, August 25th. Weiss Ratings upgraded Bank of Nova Scotia from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, October 8th. Keefe, Bruyette & Woods assumed coverage on Bank of Nova Scotia in a research report on Friday, August 21st. They set an “outperform” rating on the stock. Finally, National Bank Financial raised Bank of Nova Scotia from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.50.

Hedge Funds Weigh In On Bank of Nova Scotia

Hedge funds and other institutional investors have recently modified their holdings of the business. Texas Yale Capital Corp. grew its stake in Bank of Nova Scotia by 147.6% in the 3rd quarter. Texas Yale Capital Corp. now owns 22,225 shares of the bank’s stock valued at $2,019,000 after purchasing an additional 13,250 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Bank of Nova Scotia during the 3rd quarter valued at $535,000. Ieq Capital LLC raised its stake in shares of Bank of Nova Scotia by 10.3% during the 3rd quarter. Ieq Capital LLC now owns 26,821 shares of the bank’s stock worth $2,436,000 after purchasing an additional 2,515 shares during the period. Focus Advisor Solutions LLC raised its stake in shares of Bank of Nova Scotia by 51.8% during the 3rd quarter. Focus Advisor Solutions LLC now owns 5,190 shares of the bank’s stock worth $471,000 after purchasing an additional 1,771 shares during the period. Finally, OneAscent Family Office LLC boosted its holdings in shares of Bank of Nova Scotia by 55.2% in the 3rd quarter. OneAscent Family Office LLC now owns 4,807 shares of the bank’s stock worth $437,000 after buying an additional 1,709 shares during the last quarter. Hedge funds and other institutional investors own 49.13% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational financial institution founded in Halifax in 1832 and headquartered in Toronto. It serves individuals, businesses, and institutional clients through banking and financial services. Its main activities include Canadian and international personal and commercial banking, wealth management, and global banking and markets. Products and services include deposit accounts, mortgages, loans, credit cards, investment and financial advice, and corporate banking and capital-markets services.