Laurentian Bank of Canada (TSE:LB) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Shares crossed above their 200‑day moving average
• Analyst sentiment is negative: the consensus rating is Strong Sell with a C$36.44 target, and Desjardins cut its target to C$40 while assigning a "tender" rating (2 Holds, 3 Sells total).
• Laurentian declared a quarterly dividend of C$0.47 (annualized C$1.88) for a 4.7% yield, but the dividend payout ratio is 125.33%, suggesting sustainability concerns.

Shares of Laurentian Bank of Canada (TSE:LB - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$38.27 and traded as high as C$40.41. Laurentian Bank of Canada shares last traded at C$40.35, with a volume of 128,246 shares traded.

Analyst Ratings Changes

Separately, Desjardins dropped their target price on Laurentian Bank of Canada from C$50.00 to C$40.00 and set a "tender" rating on the stock in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Strong Sell" and a consensus target price of C$36.44.

Laurentian Bank of Canada Price Performance

The firm has a market cap of C$1.80 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 0.76 and a beta of 1.13. The business has a fifty day simple moving average of C$40.21 and a 200 day simple moving average of C$38.27.

Laurentian Bank of Canada (TSE:LB - Get Free Report) last issued its quarterly earnings results on Friday, February 27th. The company reported C$0.65 earnings per share (EPS) for the quarter. Laurentian Bank of Canada had a return on equity of 2.86% and a net margin of 3.72%.The firm had revenue of C$251.56 million for the quarter. On average, research analysts anticipate that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current fiscal year.

Laurentian Bank of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, May 1st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, April 1st. Laurentian Bank of Canada's dividend payout ratio (DPR) is currently 125.33%.

About Laurentian Bank of Canada

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada - primarily in Québec and Ontario - as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.

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