What is Cormark’s Estimate for TSE:LB FY2025 Earnings?

Laurentian Bank of Canada (TSE:LB) – Equities researchers at Cormark dropped their FY2025 earnings estimates for shares of Laurentian Bank of Canada in a note issued to investors on Friday, February 21st. Cormark analyst L. Persaud now expects that the company will post earnings per share of $3.61 for the year, down from their previous forecast of $3.66. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.84 per share. Cormark also issued estimates for Laurentian Bank of Canada’s FY2026 earnings at $3.87 EPS.

Several other research analysts have also weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. BMO Capital Markets lifted their price target on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Monday, December 9th. Scotiabank cut their price target on shares of Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating on the stock in a research note on Thursday. Raymond James lifted their price target on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Finally, CIBC lifted their price target 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 issued a hold rating to the company. Based on data from MarketBeat, Laurentian Bank of Canada presently has an average rating of “Hold” and a consensus target price of C$28.11.

Laurentian Bank of Canada Price Performance

Laurentian Bank of Canada stock opened at C$27.26 on Monday. The company’s 50 day simple moving average is C$28.46 and its 200 day simple moving average is C$27.64. Laurentian Bank of Canada has a fifty-two week low of C$24.45 and a fifty-two week high of C$31.74. The firm has a market capitalization of C$1.20 billion, a price-to-earnings ratio of -217.42, a PEG ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, February 1st. Investors of record on Friday, January 3rd were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.88 dividend on an annualized basis and a yield of 6.90%. Laurentian Bank of Canada’s payout ratio is -1,499.45%.

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.