Bank of Nova Scotia (NYSE:BNS) Hits New 1-Year High – Still a Buy?

Posted by Ethan Ryder on Nov 6th, 2026

Bank of Nova Scotia (The) (NYSE:BNS – Get Free Report) (TSE:BNS)’s stock price hit a new 52-week high during trading on Wednesday. The stock traded as high as $96.37 and last traded at $96.4290, with a volume of 335,092 shares trading hands. The stock had previously closed at $93.66.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. TD Securities raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Tuesday, August 25th. TD raised shares of Bank of Nova Scotia to a “buy” rating in a research report on Wednesday, August 26th. Keefe, Bruyette & Woods started coverage on shares of Bank of Nova Scotia in a research report on Friday, August 21st. They issued an “outperform” rating for the company. National Bank Financial upgraded shares of Bank of Nova Scotia from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 26th. Finally, Weiss Ratings raised shares of Bank of Nova Scotia from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $105.50.

Check Out Our Latest Report on Bank of Nova Scotia

Bank of Nova Scotia Trading Down 0.1%

The business’s 50-day simple moving average is $92.41 and its two-hundred day simple moving average is $82.75. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $111.47 billion, a PE ratio of 16.59, a PEG ratio of 0.97 and a beta of 1.14.

Bank of Nova Scotia (NYSE:BNS – Get Free Report) (TSE:BNS) last announced its earnings results on Tuesday, August 25th. The bank reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.11. Bank of Nova Scotia had a return on equity of 16.12% and a net margin of 13.91%. The business had revenue of $7.52 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same period in the previous year, the company earned $1.84 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts predict that Bank of Nova Scotia will post 6.19 earnings per share for the current year.

Bank of Nova Scotia Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Tuesday, October 6th were paid a dividend of C$1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date was Tuesday, October 6th. Bank of Nova Scotia’s dividend payout ratio (DPR) is 57.87%.

Bank of Nova Scotia announced that its Board of Directors has authorized a share repurchase plan on Friday, October 2nd that allows the company to repurchase 40,000,000 outstanding shares. This buyback authorization allows the bank to buy up to 3.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Bank of Nova Scotia

Hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC grew its holdings in shares of Bank of Nova Scotia by 1,366.7% during the second quarter. CoreCap Advisors LLC now owns 440 shares of the bank’s stock valued at $38,000 after purchasing an additional 410 shares during the last quarter. Addison Advisors LLC acquired a new stake in shares of Bank of Nova Scotia during the 2nd quarter worth approximately $39,000. Global Retirement Partners LLC acquired a new stake in shares of Bank of Nova Scotia during the 2nd quarter worth approximately $46,000. Jacobi Capital Management LLC bought a new stake in shares of Bank of Nova Scotia in the 3rd quarter worth approximately $49,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of Bank of Nova Scotia in the 2nd quarter worth approximately $61,000. 49.13% of the stock is currently owned by hedge funds and other institutional investors.