Julie Walsh Sells 3,716 Shares of Bank of Nova Scotia (TSE:BNS) Stock

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) insider Julie Walsh sold 3,716 shares of Bank of Nova Scotia stock in a transaction on Monday, December 15th. The shares were sold at an average price of C$100.62, for a total transaction of C$373,903.92. Following the completion of the sale, the insider owned 1,430 shares in the company, valued at C$143,886.60. The trade was a 72.21% decrease in their ownership of the stock.

Julie Walsh also recently made the following trade(s):

• On Monday, December 15th, Julie Walsh sold 2,767 shares of Bank of Nova Scotia stock. The stock was sold at an average price of C$100.62, for a total transaction of C$278,415.54.

Bank of Nova Scotia Trading Up 0.4%

Shares of TSE BNS traded up C$0.38 during mid-day trading on Monday, hitting C$100.55. The company had a trading volume of 743,435 shares, compared to its average volume of 4,719,772. The firm has a 50-day simple moving average of C$93.65 and a two-hundred day simple moving average of C$84.63. The company has a market capitalization of C$125.24 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.33 and a beta of 1.35. The Bank of Nova Scotia has a one year low of C$62.57 and a one year high of C$100.94.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings results on Tuesday, December 2nd. The bank reported C$1.93 EPS for the quarter. The firm had revenue of C$9.77 billion during the quarter. Bank of Nova Scotia had a return on equity of 9.64% and a net margin of 17.68%. Sell-side analysts expect that The Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Bank of Nova Scotia Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 29th. Investors of record on Wednesday, October 29th were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, October 7th. This represents a $4.40 annualized dividend and a dividend yield of 4.4%. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 76.19%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BNS. CIBC upped their price target on shares of Bank of Nova Scotia from C$100.00 to C$103.00 and gave the stock a “neutral” rating in a research report on Thursday. Bank of America boosted their price objective on shares of Bank of Nova Scotia from C$78.00 to C$88.00 in a research note on Wednesday, August 27th. Canaccord Genuity Group raised their target price on shares of Bank of Nova Scotia from C$98.00 to C$100.00 in a research note on Wednesday, December 3rd. National Bankshares set a C$81.00 price target on Bank of Nova Scotia and gave the stock a “sector perform” rating in a report on Monday, September 22nd. Finally, TD Securities upped their price objective on Bank of Nova Scotia from C$93.00 to C$99.00 in a research note on Monday, November 10th. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$92.00.

Bank of Nova Scotia Company Profile

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It 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.