Laurentian Bank of Canada (TSE:LB) has been given an average recommendation of “Hold” by the nine analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$43.56.
Several research analysts recently commented on the company. Barclays reiterated an “equal weight” rating and issued a C$46.00 price target on shares of Laurentian Bank of Canada in a research note on Friday, August 30th. CIBC upgraded Laurentian Bank of Canada from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from C$43.00 to C$49.00 in a research note on Tuesday, August 13th.
Shares of LB traded up C$0.18 during midday trading on Monday, reaching C$45.82. 167,311 shares of the company were exchanged, compared to its average volume of 254,566. The stock has a 50-day moving average price of C$44.72 and a 200-day moving average price of C$44.00. The company has a market cap of $1.94 billion and a price-to-earnings ratio of 11.43. Laurentian Bank of Canada has a 1-year low of C$36.21 and a 1-year high of C$46.22.
Laurentian Bank of Canada (TSE:LB) last issued its quarterly earnings data on Thursday, August 29th. The company reported C$1.15 EPS for the quarter, hitting the Zacks’ consensus estimate of C$1.15. The company had revenue of C$244.65 million for the quarter, compared to analyst estimates of C$253.30 million. Analysts anticipate that Laurentian Bank of Canada will post 4.7489593 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 1st will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend is Monday, September 30th. Laurentian Bank of Canada’s dividend payout ratio (DPR) is 64.85%.
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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