Insider Selling: Bank of Nova Scotia (BNS) Insider Sells 10,252 Shares of Stock

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) insider Andrew Branion sold 10,252 shares of the business’s stock in a transaction that occurred on Wednesday, April 5th. The shares were sold at an average price of C$78.66, for a total transaction of C$806,422.32.

Shares of Bank of Nova Scotia (TSE:BNS) traded up 0.09% during midday trading on Friday, hitting $76.87. 680,797 shares of the stock were exchanged. The firm has a market cap of $92.94 billion and a PE ratio of 13.01. Bank of Nova Scotia has a 52-week low of $61.20 and a 52-week high of $82.30. The firm’s 50-day moving average is $78.14 and its 200 day moving average is $75.85.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Tuesday, April 4th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Friday, March 31st. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.74.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Bank of Nova Scotia (BNS) Insider Sells 10,252 Shares of Stock” was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and international copyright and trademark legislation. The original version of this report can be read at https://www.chaffeybreeze.com/2017/04/21/andrew-branion-sells-10252-shares-of-bank-of-nova-scotia-bns-stock-updated.html.

Several equities analysts recently commented on the stock. Scotiabank reaffirmed an “outperform” rating and set a C$90.00 price objective on shares of Bank of Nova Scotia in a research note on Friday, February 3rd. Desjardins boosted their price objective on shares of Bank of Nova Scotia from C$83.00 to C$86.00 and gave the company a “buy” rating in a research note on Wednesday, March 1st. National Bank Financial reaffirmed an “outperform” rating on shares of Bank of Nova Scotia in a research note on Monday, February 20th. CSFB boosted their price target on shares of Bank of Nova Scotia from C$78.00 to C$80.00 in a research note on Tuesday, January 17th. Finally, Barclays PLC boosted their price target on shares of Bank of Nova Scotia from C$73.00 to C$78.00 in a research note on Wednesday, March 1st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Bank of Nova Scotia currently has an average rating of “Buy” and a consensus price target of C$82.38.

About Bank of Nova Scotia

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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