Desjardins Issues Optimistic Forecast for TSE:LB Earnings

Laurentian Bank of Canada (TSE:LB) – Analysts at Desjardins increased their FY2025 earnings per share estimates for Laurentian Bank of Canada in a research note issued on Tuesday, February 4th. Desjardins analyst D. Young now forecasts that the company will post earnings of $3.30 per share for the year, up from their prior estimate of $3.25. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.84 per share.

Other analysts also recently issued reports about the company. Scotiabank increased their price target on Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the company a “sector perform” rating in a report on Monday, December 9th. National Bankshares increased their target price on Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the company an “underperform” rating in a research note on Monday, December 9th. Raymond James raised their target price on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a “market perform” rating in a report on Monday, December 9th. BMO Capital Markets upped their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Monday, December 9th. Finally, CIBC lifted their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Tuesday, November 26th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$28.67.

Laurentian Bank of Canada Stock Down 0.3 %

Laurentian Bank of Canada stock opened at C$27.61 on Friday. The firm has a fifty day moving average of C$28.92 and a 200-day moving average of C$27.54. Laurentian Bank of Canada has a 52-week low of C$24.45 and a 52-week high of C$31.74. The firm has a market capitalization of C$1.21 billion, a P/E ratio of -44.53, a PEG ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Stockholders of record on Friday, January 3rd were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.81%. The ex-dividend date of this dividend was Friday, January 3rd. Laurentian Bank of Canada’s payout ratio is currently -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.