Laurentian Bank of Canada (TSE:LB) Given Average Recommendation of "Reduce" by Analysts

Key Points

• The Laurentian Bank of Canada has received an average analyst rating of "Reduce", with three analysts recommending a sell and four recommending a hold on the stock.
• The company's latest earnings report showed an EPS of C$0.73, surpassing estimates, but the bank is experiencing a negative net margin of 0.30% and a negative return on equity of 0.20%.
• A quarterly dividend of $0.47 per share is scheduled for distribution on November 1st, reflecting a 5.9% annual yield and a dividend payout ratio of 61.64%.

Laurentian Bank of Canada (TSE:LB - Get Free Report) has received an average rating of "Reduce" from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$30.71.

LB has been the topic of a number of recent analyst reports. Raymond James Financial raised their target price on shares of Laurentian Bank of Canada from C$28.00 to C$30.00 and gave the stock a "market perform" rating in a research note on Tuesday, September 2nd. Scotiabank raised their target price on shares of Laurentian Bank of Canada from C$32.00 to C$33.00 in a research note on Friday, October 10th. National Bankshares decreased their target price on shares of Laurentian Bank of Canada from C$27.00 to C$26.00 and set an "underperform" rating on the stock in a research note on Tuesday, September 2nd. Jefferies Financial Group lifted their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$31.00 in a research report on Wednesday, August 13th. Finally, Desjardins lifted their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a "sell" rating in a research report on Wednesday, August 13th.

Laurentian Bank of Canada Trading Down 0.2%

TSE LB opened at C$31.81 on Friday. Laurentian Bank of Canada has a 12 month low of C$24.37 and a 12 month high of C$34.10. The stock has a market cap of C$1.41 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.76 and a beta of 1.43. The company's 50 day moving average is C$31.97 and its two-hundred day moving average is C$30.02.

Laurentian Bank of Canada (TSE:LB - Get Free Report) last released its earnings results on Friday, August 29th. The company reported C$0.73 EPS for the quarter, topping analysts' consensus estimates of C$0.72 by C$0.01. Laurentian Bank of Canada had a negative net margin of 0.30% and a negative return on equity of 0.20%. During the same quarter in the previous year, the business posted $0.88 EPS. Sell-side analysts forecast that Laurentian Bank of Canada will post 3.8414986 EPS for the current year.

Laurentian Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, November 1st. Stockholders of record on Saturday, November 1st will be given a dividend of $0.47 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.88 annualized dividend and a dividend yield of 5.9%. Laurentian Bank of Canada's dividend payout ratio (DPR) is presently 61.64%.

Laurentian Bank of Canada Company Profile

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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