CSFB set a C$41.00 target price on Laurentian Bank of Canada (TSE:LB) in a research report report published on Thursday morning, BayStreet.CA reports. The brokerage currently has an underperform rating on the stock.
LB has been the subject of a number of other research reports. CIBC decreased their target price on Laurentian Bank of Canada from C$43.00 to C$41.00 in a report on Thursday, February 28th. TD Securities downgraded Laurentian Bank of Canada from a buy rating to a hold rating and decreased their target price for the stock from C$51.00 to C$47.00 in a report on Thursday, February 28th. Desjardins decreased their target price on Laurentian Bank of Canada from C$43.00 to C$42.00 and set a hold rating for the company in a report on Thursday, February 28th. National Bank Financial downgraded Laurentian Bank of Canada from a sector perform rating to an underperform rating and decreased their target price for the stock from C$41.00 to C$36.00 in a report on Thursday, February 28th. Finally, Canaccord Genuity decreased their target price on Laurentian Bank of Canada from C$35.00 to C$34.00 in a report on Wednesday. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Laurentian Bank of Canada has a consensus rating of Hold and a consensus price target of C$43.36.
Shares of Laurentian Bank of Canada stock traded down C$0.19 on Thursday, reaching C$42.04. 168,420 shares of the stock were exchanged, compared to its average volume of 314,460. Laurentian Bank of Canada has a twelve month low of C$36.21 and a twelve month high of C$49.59. The company has a market capitalization of $1.80 billion and a price-to-earnings ratio of 9.20.
Laurentian Bank of Canada (TSE:LB) last released its earnings results on Wednesday, February 27th. The company reported C$0.98 EPS for the quarter, missing the Zacks’ consensus estimate of C$1.29 by C($0.31). The company had revenue of C$242.34 million during the quarter, compared to analysts’ expectations of C$259.30 million. On average, analysts expect that Laurentian Bank of Canada will post 4.91999982830465 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, April 1st were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date of this dividend was Friday, March 29th. Laurentian Bank of Canada’s payout ratio is presently 55.94%.
Laurentian Bank of Canada Company Profile
Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance solutions.
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