FY2025 Earnings Forecast for TSE:LB Issued By Desjardins

Laurentian Bank of Canada (TSE:LB - Free Report) - Research analysts at Desjardins lifted their FY2025 EPS estimates for Laurentian Bank of Canada in a research note issued on Tuesday, February 4th. Desjardins analyst D. Young now anticipates that the company will post earnings of $3.30 per share for the year, up from their previous forecast of $3.25. The consensus estimate for Laurentian Bank of Canada's current full-year earnings is $3.84 per share.

A number of other analysts also recently weighed in on LB. CIBC increased their price objective on Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Tuesday, November 26th. BMO Capital Markets increased their price objective on Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Monday, December 9th. Scotiabank increased their price objective on Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the company a "sector perform" rating in a report on Monday, December 9th. National Bankshares upped their price target on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the company an "underperform" rating in a research report on Monday, December 9th. Finally, Jefferies Financial Group upped their price target on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a "hold" rating in a research report on Monday, December 9th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, Laurentian Bank of Canada has a consensus rating of "Hold" and a consensus target price of C$28.67.

Laurentian Bank of Canada Price Performance

TSE LB traded up C$0.36 on Friday, reaching C$27.74. The company had a trading volume of 90,058 shares, compared to its average volume of 187,103. The firm has a market cap of C$1.22 billion, a price-to-earnings ratio of -44.74, a P/E/G ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a fifty-two week low of C$24.45 and a fifty-two week high of C$31.74. The business has a 50 day moving average of C$28.87 and a two-hundred day moving average of C$27.54.

Laurentian Bank of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, February 1st. Investors of record on Friday, January 3rd were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.78%. The ex-dividend date was Friday, January 3rd. Laurentian Bank of Canada's dividend payout ratio (DPR) is presently -303.23%.

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.