Laurentian Bank of Canada (TSE:LB) Stock Price Passes Above Two Hundred Day Moving Average of $26.91

Laurentian Bank of Canada (TSE:LB - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$26.91 and traded as high as C$27.50. Laurentian Bank of Canada shares last traded at C$27.25, with a volume of 144,208 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LB shares. Cormark decreased their price target on shares of Laurentian Bank of Canada from C$28.00 to C$26.00 in a report on Friday, March 1st. Scotiabank decreased their price target on shares of Laurentian Bank of Canada from C$28.00 to C$26.00 and set a "sector perform" rating for the company in a report on Wednesday, December 20th. Jefferies Financial Group decreased their price target on shares of Laurentian Bank of Canada from C$25.00 to C$24.00 and set a "hold" rating for the company in a report on Friday, March 1st. Desjardins lowered shares of Laurentian Bank of Canada from a "hold" rating to a "sell" rating and reduced their target price for the stock from C$27.00 to C$26.00 in a research note on Wednesday, February 7th. Finally, National Bankshares reduced their target price on shares of Laurentian Bank of Canada from C$28.00 to C$27.00 and set an "underperform" rating for the company in a research note on Friday, March 1st. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of C$28.70.

Laurentian Bank of Canada Stock Performance

The stock's fifty day moving average price is C$27.24 and its 200-day moving average price is C$26.88. The company has a market capitalization of C$1.20 billion, a P/E ratio of 7.72, a PEG ratio of 0.76 and a beta of 1.27.

Laurentian Bank of Canada (TSE:LB - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The company reported C$0.91 earnings per share for the quarter, missing the consensus estimate of C$0.93 by C($0.02). The company had revenue of C$258.34 million during the quarter, compared to the consensus estimate of C$257.80 million. Laurentian Bank of Canada had a net margin of 17.33% and a return on equity of 5.84%. On average, research analysts predict that Laurentian Bank of Canada will post 3.843662 EPS for the current fiscal year.

Laurentian Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, May 1st will be issued a $0.47 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.88 annualized dividend and a yield of 6.86%. Laurentian Bank of Canada's dividend payout ratio is currently 52.96%.

About Laurentian Bank of Canada

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.