Cormark Issues Pessimistic Estimate for TSE:LB Earnings

Laurentian Bank of Canada (TSE:LB) – Investment analysts at Cormark reduced their FY2025 earnings estimates for Laurentian Bank of Canada in a research report issued to clients and investors on Monday, March 3rd. Cormark analyst L. Persaud now forecasts that the company will earn $3.40 per share for the year, down from their previous forecast of $3.61. 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 $3.75 EPS.

A number of other research analysts have also weighed in on the stock. CIBC raised 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. Raymond James lowered their target price on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday. National Bankshares increased their target price on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the company an “underperform” rating in a report on Monday, December 9th. Scotiabank lowered their target price on shares of Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating for the company in a report on Thursday, February 20th. Finally, BMO Capital Markets lowered their target price on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$28.00.

Laurentian Bank of Canada Trading Up 0.6 %

Laurentian Bank of Canada stock opened at C$26.80 on Wednesday. Laurentian Bank of Canada has a 1-year low of C$24.45 and a 1-year high of C$31.74. The firm has a market capitalization of C$1.18 billion, a price-to-earnings ratio of -213.75, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The firm’s fifty day moving average price is C$28.21 and its two-hundred day moving average price is C$27.71.

Laurentian Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 15th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.88 dividend on an annualized basis and a yield of 7.01%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently -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.