Laurentian Bank of Canada (TSE:LB - Free Report) - Cormark decreased their FY2025 earnings per share estimates for Laurentian Bank of Canada in a report released on Tuesday, May 20th. Cormark analyst L. Persaud now forecasts that the company will post earnings per share of $3.36 for the year, down from their previous estimate of $3.40. The consensus estimate for Laurentian Bank of Canada's current full-year earnings is $3.84 per share.
Several other research analysts have also issued reports on LB. Jefferies Financial Group lowered their target price on Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, April 21st. Scotiabank decreased their price target on Laurentian Bank of Canada from C$33.00 to C$28.00 and set a "sector perform" rating for the company in a research note on Thursday, February 20th. BMO Capital Markets cut their price objective on Laurentian Bank of Canada from C$31.00 to C$30.00 in a research note on Monday, March 3rd. Finally, Raymond James reduced their target price on Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, March 3rd. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, Laurentian Bank of Canada presently has an average rating of "Hold" and a consensus price target of C$27.63.
View Our Latest Research Report on Laurentian Bank of Canada
Laurentian Bank of Canada Stock Performance
LB stock opened at C$27.97 on Thursday. Laurentian Bank of Canada has a 52-week low of C$24.37 and a 52-week high of C$31.74. The company has a market capitalization of C$1.23 billion, a P/E ratio of -223.08, a PEG ratio of 0.76 and a beta of 1.25. The company has a fifty day moving average price of C$26.93 and a 200-day moving average price of C$27.80.
Laurentian Bank of Canada Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Thursday, May 1st were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.88 annualized dividend and a dividend yield of 6.72%. Laurentian Bank of Canada's dividend payout ratio is currently -1,499.45%.
Laurentian Bank of Canada Company Profile
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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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