10,021 Shares in Bank of Nova Scotia (The) $BNS Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,021 shares of the bank’s stock, valued at approximately $648,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mondrian Investment Partners LTD acquired a new position in shares of Bank of Nova Scotia during the third quarter worth about $30,000. Smartleaf Asset Management LLC raised its position in Bank of Nova Scotia by 3,304.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 783 shares of the bank’s stock valued at $51,000 after buying an additional 760 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in Bank of Nova Scotia in the 2nd quarter valued at approximately $55,000. Toth Financial Advisory Corp bought a new stake in Bank of Nova Scotia in the 3rd quarter valued at approximately $67,000. Finally, MAI Capital Management boosted its position in Bank of Nova Scotia by 27.4% during the 2nd quarter. MAI Capital Management now owns 1,543 shares of the bank’s stock worth $85,000 after acquiring an additional 332 shares during the last quarter. Institutional investors and hedge funds own 49.13% of the company’s stock.

Wall Street Analysts Forecast Growth

BNS has been the subject of several recent research reports. Weiss Ratings upgraded shares of Bank of Nova Scotia from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, February 25th. TD Securities reissued a “hold” rating on shares of Bank of Nova Scotia in a research report on Tuesday, March 3rd. Raymond James Financial began coverage on shares of Bank of Nova Scotia in a research note on Tuesday, November 25th. They set an “outperform” rating for the company. Finally, Royal Bank Of Canada raised their price objective on Bank of Nova Scotia from $97.00 to $106.00 and gave the company a “sector perform” rating in a report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Bank of Nova Scotia has a consensus rating of “Hold” and a consensus target price of $106.00.

Bank of Nova Scotia Trading Down 1.7%

NYSE BNS opened at $70.85 on Tuesday. Bank of Nova Scotia has a 12 month low of $44.09 and a 12 month high of $78.28. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average of $74.68 and a 200-day moving average of $69.37. The company has a market cap of $87.35 billion, a PE ratio of 14.73, a PEG ratio of 0.87 and a beta of 1.10.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its earnings results on Tuesday, February 24th. The bank reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. Bank of Nova Scotia had a net margin of 12.40% and a return on equity of 12.49%. The business had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the previous year, the company earned $1.76 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts anticipate that Bank of Nova Scotia will post 4.91 EPS for the current fiscal year.

Bank of Nova Scotia Profile

Bank of Nova Scotia, commonly known as Scotiabank, is a Canadian multinational banking and financial services company founded in 1832 and headquartered in Toronto, Ontario. It is one of Canada’s largest banks and provides a broad range of financial services to retail, commercial, corporate and institutional clients. The bank combines a domestic Canadian franchise with an extensive international presence to serve customers across multiple markets.

Scotiabank’s core activities include personal and commercial banking, wealth management, corporate and investment banking, capital markets, and global transaction banking.