Analysts Set Expectations for TSE:LB Q4 Earnings

Laurentian Bank of Canada (TSE:LB) – Analysts at Cormark issued their Q4 2024 EPS estimates for Laurentian Bank of Canada in a research note issued to investors on Monday, November 25th. Cormark analyst L. Persaud anticipates that the company will post earnings of $0.86 per share for the quarter. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.84 per share.

Laurentian Bank of Canada (TSE:LB) last released its earnings results on Friday, August 30th. The company reported C$0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.85 by C$0.03. Laurentian Bank of Canada had a negative net margin of 1.64% and a negative return on equity of 0.55%. The business had revenue of C$256.50 million during the quarter, compared to analyst estimates of C$257.90 million.

Other equities research analysts have also issued research reports about the stock. Cibc World Mkts raised shares of Laurentian Bank of Canada to a “hold” rating in a report on Wednesday, August 21st. Scotiabank increased their price target on shares of Laurentian Bank of Canada from C$26.00 to C$30.00 in a research note on Monday. CIBC lifted their price target on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday. BMO Capital Markets increased their price objective on Laurentian Bank of Canada from C$27.00 to C$28.00 in a research report on Monday, November 18th. Finally, Raymond James lifted their target price on Laurentian Bank of Canada from C$26.00 to C$27.00 in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$27.10.

Laurentian Bank of Canada Stock Performance

Shares of Laurentian Bank of Canada stock opened at C$29.39 on Wednesday. The business’s 50 day moving average price is C$27.13 and its 200 day moving average price is C$26.61. The company has a market cap of C$1.29 billion, a price-to-earnings ratio of -47.15, a PEG ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a one year low of C$24.45 and a one year high of C$29.55.

Laurentian Bank of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.40%. Laurentian Bank of Canada’s payout ratio is presently -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.