Laurentian Bank of Canada (TSE:LB - Free Report) - Research analysts at Cormark decreased their FY2025 EPS estimates for Laurentian Bank of Canada in a research report issued on Monday, June 2nd. Cormark analyst L. Persaud now expects that the company will earn $3.16 per share for the year, down from their previous estimate of $3.36. 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 $3.57 EPS.
LB has been the topic of several other reports. Desjardins increased their target price on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the stock a "sell" rating in a report on Tuesday. Scotiabank increased their target price on shares of Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the stock a "sector perform" rating in a report on Tuesday. Raymond James increased their target price on shares of Laurentian Bank of Canada from C$27.00 to C$28.00 and gave the stock a "market perform" rating in a report on Tuesday. CIBC increased their target price on shares of Laurentian Bank of Canada from C$28.00 to C$33.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, BMO Capital Markets cut their target price on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, Laurentian Bank of Canada currently has an average rating of "Hold" and an average target price of C$29.57.
Read Our Latest Research Report on LB
Laurentian Bank of Canada Stock Down 0.4%
LB stock traded down C$0.12 during midday trading on Tuesday, reaching C$30.02. The company's stock had a trading volume of 163,543 shares, compared to its average volume of 202,767. Laurentian Bank of Canada has a 52 week low of C$24.37 and a 52 week high of C$31.74. The stock has a market cap of C$1.32 billion, a PE ratio of -239.43, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The business's 50-day simple moving average is C$27.26 and its 200-day simple moving average is C$27.93.
Laurentian Bank of Canada Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, May 1st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend was Tuesday, April 1st. Laurentian Bank of Canada's payout ratio is -1,499.45%.
About Laurentian Bank of Canada
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Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.
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