Bank of Nova Scotia (TSE:BNS) Sets New 1-Year High – Should You Buy?

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) hit a new 52-week high on Wednesday . The stock traded as high as C$107.84 and last traded at C$107.79, with a volume of 672809 shares. The stock had previously closed at C$106.33.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of Bank of Nova Scotia from C$97.00 to C$104.00 in a report on Wednesday, February 11th. Barclays increased their price objective on shares of Bank of Nova Scotia from C$106.00 to C$108.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 25th. Canaccord Genuity Group downgraded shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$118.00 to C$110.00 in a research report on Monday, March 9th. Raymond James Financial increased their target price on shares of Bank of Nova Scotia from C$117.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, National Bank Financial increased their target price on shares of Bank of Nova Scotia from C$100.00 to C$106.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$107.85.

Bank of Nova Scotia Price Performance

The company’s 50-day simple moving average is C$100.52 and its 200-day simple moving average is C$100.11. The company has a market cap of C$133.50 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 1.33 and a beta of 1.23.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings data on Tuesday, February 24th. The bank reported C$2.05 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a net margin of 14.45% and a return on equity of 10.41%. The company had revenue of C$10.08 billion during the quarter. Equities analysts predict that The Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Bank of Nova Scotia Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 28th were given a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $4.40 annualized dividend and a yield of 4.1%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 64.69%.

Bank of Nova Scotia Company Profile

Scotiabank’s vision is to be our clients’ most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: ‘for every future,’ we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at January 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).