First National Trust Co Has $1.54 Million Holdings in The Bank of Nova Scotia (NYSE:BNS)

First National Trust Co grew its position in The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 208.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,739 shares of the bank’s stock after purchasing an additional 19,421 shares during the quarter. First National Trust Co’s holdings in Bank of Nova Scotia were worth $1,544,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Bank of Nova Scotia in the 4th quarter valued at $31,000. Allworth Financial LP boosted its position in shares of Bank of Nova Scotia by 121.1% in the fourth quarter. Allworth Financial LP now owns 639 shares of the bank’s stock valued at $33,000 after acquiring an additional 350 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Bank of Nova Scotia by 1,588.2% in the third quarter. BNP Paribas Financial Markets now owns 861 shares of the bank’s stock valued at $47,000 after acquiring an additional 810 shares in the last quarter. Fortitude Family Office LLC bought a new position in Bank of Nova Scotia during the fourth quarter worth about $73,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Bank of Nova Scotia in the 3rd quarter worth about $111,000. Institutional investors own 49.13% of the company’s stock.

Bank of Nova Scotia Trading Up 1.6 %

Shares of BNS opened at $47.98 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.03. The Bank of Nova Scotia has a 52-week low of $43.68 and a 52-week high of $57.07. The firm has a market cap of $59.77 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 1.16 and a beta of 1.11. The business’s fifty day moving average is $50.53 and its 200-day moving average is $52.44.

Bank of Nova Scotia Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.7415 per share. This represents a $2.97 annualized dividend and a yield of 6.18%. The ex-dividend date is Tuesday, April 1st. Bank of Nova Scotia’s payout ratio is 82.77%.

Analyst Ratings Changes

A number of research analysts have issued reports on BNS shares. UBS Group upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research report on Monday, November 18th. Barclays upgraded Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a research note on Thursday, November 21st. Cibc World Mkts downgraded Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Royal Bank of Canada decreased their price target on Bank of Nova Scotia from $83.00 to $81.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 26th. Finally, Canaccord Genuity Group raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $75.50.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.