Cormark Has Negative Forecast for TSE:LB FY2025 Earnings

Laurentian Bank of Canada (TSE:LB - Free Report) - Analysts at Cormark reduced their FY2025 earnings estimates for shares of Laurentian Bank of Canada in a research report issued to clients and investors on Monday, March 3rd. Cormark analyst L. Persaud now anticipates that the company will post earnings of $3.40 per share for the year, down from their previous estimate of $3.61. 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 $3.75 EPS.

A number of other analysts have also issued reports on LB. Scotiabank cut their price target on shares of Laurentian Bank of Canada from C$33.00 to C$28.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 20th. National Bankshares boosted their price target on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an "underperform" rating in a research note on Monday, December 9th. Jefferies Financial Group boosted their price target on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. BMO Capital Markets cut their price target on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research note on Monday, March 3rd. Finally, Raymond James cut their target price on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of C$28.00.

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Laurentian Bank of Canada Stock Up 0.7 %

TSE:LB traded up C$0.20 on Wednesday, reaching C$26.92. 112,634 shares of the company's stock were exchanged, compared to its average volume of 192,642. The firm has a market capitalization of C$1.18 billion, a price-to-earnings ratio of -214.71, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The business has a fifty day moving average of C$28.09 and a 200-day moving average of C$27.74. Laurentian Bank of Canada has a 52-week low of C$24.45 and a 52-week high of C$31.74.

Laurentian Bank of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 15th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.98%. The ex-dividend date is Friday, March 7th. Laurentian Bank of Canada's dividend payout ratio (DPR) is -1,499.45%.

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.