Bank of Nova Scotia (NYSE:BNS) Stock Purchase Revealed by Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Bank of Nova Scotia (The) (NYSE:BNS). In a filing disclosed on November 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Bank of Nova Scotia stock on October 9th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 11/2/2026.
• Purchased $1,001 – $15,000 in shares of argenex (NASDAQ:ARGX) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Illumina (NASDAQ:ILMN) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Revvity (NYSE:RVTY) on 10/27/2026.
• Sold $15,001 – $50,000 in shares of PTC (NASDAQ:PTC) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 10/27/2026.
• Purchased $1,001 – $15,000 in shares of MACOM Technology Solutions (NASDAQ:MTSI) on 10/27/2026.
• Sold $1,001 – $15,000 in shares of Micron Solutions (OTCMKTS:MICR) on 10/21/2026.
• Sold $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 10/21/2026.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 10/21/2026.

Bank of Nova Scotia Stock Down 0.7%

NYSE:BNS opened at $92.69 on Friday. The company has a market cap of $112.69 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 0.95 and a beta of 1.14. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.04 and a current ratio of 1.04. The stock’s fifty day moving average price is $92.45 and its two-hundred day moving average price is $83.21. Bank of Nova Scotia has a 52-week low of $65.99 and a 52-week high of $96.85.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its earnings results on Tuesday, August 25th. The bank reported $1.64 EPS for the quarter, beating the consensus estimate of $1.53 by $0.11. The company had revenue of $7.52 billion during the quarter, compared to analysts’ expectations of $7.11 billion. Bank of Nova Scotia had a return on equity of 16.12% and a net margin of 13.91%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $1.84 EPS. On average, analysts anticipate that Bank of Nova Scotia will post 6.12 EPS for the current year.

Bank of Nova Scotia declared that its board has initiated a stock repurchase program on Friday, October 2nd that permits the company to buy back 40,000,000 outstanding shares. This buyback authorization permits the bank to reacquire up to 3.3% of its stock through open market purchases. Share buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Bank of Nova Scotia Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 28th. Investors of record on Tuesday, October 6th were given a C$1.14 dividend. This represents a $4.56 annualized dividend and a yield of 4.9%. The ex-dividend date was Tuesday, October 6th. Bank of Nova Scotia’s payout ratio is 57.87%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Bank of Nova Scotia

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board acquired a new position in Bank of Nova Scotia in the second quarter valued at about $1,016,738,000. Legal & General Group Plc acquired a new position in shares of Bank of Nova Scotia during the 2nd quarter worth about $709,837,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Bank of Nova Scotia during the 2nd quarter worth about $567,278,000. Dimensional Fund Advisors LP grew its position in shares of Bank of Nova Scotia by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,008,689 shares of the bank’s stock worth $416,415,000 after buying an additional 154,541 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Bank of Nova Scotia by 8.7% in the 1st quarter. Bank of America Corp DE now owns 5,024,708 shares of the bank’s stock valued at $348,263,000 after acquiring an additional 400,382 shares during the last quarter. Institutional investors own 49.13% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Bank of Nova Scotia

The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational financial institution founded in Halifax in 1832 and headquartered in Toronto. It serves individuals, businesses, and institutional clients through banking and financial services. Its main activities include Canadian and international personal and commercial banking, wealth management, and global banking and markets. Products and services include deposit accounts, mortgages, loans, credit cards, investment and financial advice, and corporate banking and capital-markets services.