<div id="readability-page-1"><p>Bayforest Capital Ltd boosted its position in shares of  Bank of Nova Scotia (The) (NYSE:BNS - Free Report) <span>TSE: BNS<span></span></span> by 2,005.4% during the first quarter, according to its most recent disclosure with the Securities &amp; Exchange Commission. The institutional investor  owned 14,296 shares of the bank's stock after buying an additional 13,617 shares during the period. Bayforest Capital Ltd's holdings in Bank of Nova Scotia were worth $678,000 at the end of the most recent quarter.</p><p>Several other hedge funds have also recently bought and sold shares of BNS. Compagnie Lombard Odier SCmA bought a new position in  Bank of Nova Scotia in the 1st quarter valued at about $52,000.  Independence Bank of Kentucky increased its holdings in  Bank of Nova Scotia by 38.4% in the 1st quarter. Independence Bank of Kentucky now owns 1,175 shares of the bank's stock valued at $56,000 after buying an additional 326 shares during the period.  MAI Capital Management increased its holdings in  Bank of Nova Scotia by 40.7% in the 1st quarter. MAI Capital Management now owns 1,211 shares of the bank's stock valued at $57,000 after buying an additional 350 shares during the period.  SVB Wealth LLC bought a new position in  Bank of Nova Scotia in the 1st quarter valued at about $69,000.  Finally, North Capital Inc. bought a new position in  Bank of Nova Scotia in the 1st quarter valued at about $81,000. 49.13% of the stock is owned by institutional investors. </p><div><p><span></span><span>Get <strong>Bank of Nova Scotia</strong> alerts:</span></p></div><h2>Bank of Nova Scotia Trading Up 0.8%</h2><p>BNS opened at $63.94 on Tuesday. The company's 50 day moving average is $57.21 and its 200-day moving average is $52.61. Bank of Nova Scotia has a 1-year low of $44.09 and a 1-year high of $64.04. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66. The company has a market cap of $79.44 billion, a P/E ratio of 17.19, a PEG ratio of 1.47 and a beta of 1.16. </p><p>Bank of Nova Scotia (NYSE:BNS - Get Free Report) <span>TSE: BNS<span></span></span> last posted its quarterly earnings results on Tuesday, August 26th. The bank reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.09. Bank of Nova Scotia had a net margin of 9.74% and a return on equity of 11.61%. The company had revenue of $6.85 billion for the quarter, compared to the consensus estimate of $9.29 billion. During the same period last year, the company posted $1.63 EPS. The firm's quarterly revenue was up 13.4% compared to the same quarter last year.  Equities research analysts predict that  Bank of Nova Scotia will post 4.91 earnings per share for the current fiscal year. </p><h2>Wall Street Analysts Forecast Growth</h2><p>BNS has been the topic of several recent analyst reports. Wall Street Zen raised shares of Bank of Nova Scotia from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a report on Saturday, August 30th. Royal Bank Of Canada raised their target price on shares of Bank of Nova Scotia from $80.00 to $86.00 and gave the company a &#34;sector perform&#34; rating in a report on Wednesday, August 27th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company  has a consensus rating of &#34;Hold&#34; and a consensus target price of $86.00.</p><p><b>View Our Latest Stock Analysis on BNS</b></p><h2>Bank of Nova Scotia Profile</h2> (Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Bank of Nova Scotia</li><li>What is the Euro STOXX 50 Index?</li><li>Why These Banking Stocks Could Soar on Rate Cuts</li><li>Should You Add These Warren Buffett Stocks to Your Portfolio?</li><li>3 Big Dividend Hikes Hit the Market—1 Just Doubled Its Payout</li><li>3 Grocery Stocks That Are Proving They Are Still Essential </li><li>What NVIDIA’s Big Bet on Rival Quantinuum Means for D-Wave Stock</li></ul><p><strong>Want to see what other hedge funds are holding BNS?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of Nova Scotia (The) (NYSE:BNS - Free Report) <span>TSE: BNS<span></span></span>.</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJOUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJOUw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Bank of Nova Scotia Right Now?</h2><p>Before you consider Bank of Nova Scotia, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of Nova Scotia wasn't on the list.</p><p>While Bank of Nova Scotia currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Bayforest Capital Ltd significantly increased its stake in Bank of Nova Scotia (NYSE:BNS) by 2,005.4% in Q1, acquiring an additional 13,617 shares, bringing its total to 14,296 shares valued at $678,000. Other institutional investors also increased their holdings. The bank reported Q2 earnings of $1.37 per share, surpassing estimates, with a revenue of $6.85 billion. Analysts have mixed ratings on the stock, with a consensus target price of $86.00.</p>

Bayforest Capital Ltd Acquires 13,617 Shares of Bank of Nova Scotia (The) $BNS