Bank of Nova Scotia (TSE:BNS) Sets New 12-Month High – Time to Buy?

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS)’s stock price hit a new 52-week high on Monday . The company traded as high as C$124.74 and last traded at C$124.30, with a volume of 1003959 shares traded. The stock had previously closed at C$124.14.

Wall Street Analysts Forecast Growth

BNS has been the topic of several research analyst reports. Barclays upped their target price on shares of Bank of Nova Scotia from C$108.00 to C$110.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Bank of Nova Scotia from C$116.00 to C$122.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. TD increased their price objective on shares of Bank of Nova Scotia from C$112.00 to C$113.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Royal Bank Of Canada raised their target price on shares of Bank of Nova Scotia from C$98.00 to C$117.00 and gave the stock a “sector perform” rating in a report on Thursday, May 28th. Finally, Raymond James Financial lifted their target price on shares of Bank of Nova Scotia from C$120.00 to C$121.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Bank of Nova Scotia has an average rating of “Hold” and a consensus target price of C$111.54.

Bank of Nova Scotia Price Performance

The firm has a market capitalization of C$152.46 billion, a PE ratio of 17.15, a PEG ratio of 1.33 and a beta of 1.29. The firm has a 50-day simple moving average of C$114.56 and a 200-day simple moving average of C$105.72.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Wednesday, May 27th. The bank reported C$2.02 EPS for the quarter. Bank of Nova Scotia had a net margin of 15.64% and a return on equity of 11.06%. The firm had revenue of C$9.85 billion during the quarter. Equities analysts expect that The Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Bank of Nova Scotia Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 29th will be given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.7%. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $1.10. The ex-dividend date is Tuesday, July 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 60.69%.

About Bank of Nova Scotia

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).