Laurentian Bank of Canada (TSE:LB – Get Free Report)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$26.52 and traded as high as C$26.89. Laurentian Bank of Canada shares last traded at C$26.84, with a volume of 356,683 shares traded.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on LB. Raymond James lifted their price target on shares of Laurentian Bank of Canada from C$26.00 to C$27.00 in a research report on Wednesday, September 4th. Jefferies Financial Group dropped their price target on Laurentian Bank of Canada from C$28.00 to C$26.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th. CIBC reduced their price objective on Laurentian Bank of Canada from C$30.00 to C$28.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Cibc World Mkts upgraded Laurentian Bank of Canada to a “hold” rating in a report on Wednesday, August 21st. Finally, Desjardins increased their price objective on shares of Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$27.01.
Check Out Our Latest Stock Report on Laurentian Bank of Canada
Laurentian Bank of Canada Stock Performance
Laurentian Bank of Canada (TSE:LB – Get Free Report) last posted its quarterly earnings data on Friday, August 30th. The company reported C$0.88 EPS for the quarter, topping the consensus estimate of C$0.85 by C$0.03. The firm had revenue of C$256.50 million for the quarter, compared to the consensus estimate of C$257.90 million. Laurentian Bank of Canada had a negative return on equity of 0.55% and a negative net margin of 1.64%. Research analysts anticipate that Laurentian Bank of Canada will post 3.837535 EPS for the current fiscal year.
Laurentian Bank of Canada Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, November 1st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date is Tuesday, October 1st. Laurentian Bank of Canada’s dividend payout ratio (DPR) is -303.23%.
Laurentian Bank of Canada Company Profile
Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.
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