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.
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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