Bank of Nova Scotia (BNS) Insider Sells C$244,489.08 in Stock

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) insider Kyle Mcnamara sold 3,036 shares of Bank of Nova Scotia stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of C$80.53, for a total value of C$244,489.08.

Shares of Bank of Nova Scotia (TSE BNS) opened at 80.55 on Friday. Bank of Nova Scotia has a 52-week low of $69.15 and a 52-week high of $82.30. The stock has a market capitalization of $96.52 billion and a P/E ratio of 12.55. The firm has a 50-day moving average price of $78.14 and a 200-day moving average price of $77.59.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Tuesday, October 3rd will be issued a $0.79 dividend. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $0.76. This represents a $3.16 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Monday, October 2nd.

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A number of analysts recently commented on BNS shares. Barclays PLC lifted their price target on Bank of Nova Scotia from C$86.00 to C$88.00 in a report on Friday, August 11th. BMO Capital Markets raised their target price on Bank of Nova Scotia from C$83.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 30th. CIBC raised their target price on Bank of Nova Scotia from C$85.00 to C$87.00 in a research report on Wednesday, August 30th. National Bank Financial raised their target price on Bank of Nova Scotia from C$85.00 to C$86.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 30th. Finally, Scotiabank decreased their target price on Bank of Nova Scotia from C$89.00 to C$88.00 and set an “outperform” rating for the company in a research report on Wednesday, August 30th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Bank of Nova Scotia presently has an average rating of “Buy” and a consensus target price of C$85.83.

Bank of Nova Scotia Company Profile

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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