Desjardins Has Bearish Outlook for TSE:LB Q1 Earnings

Laurentian Bank of Canada (TSE:LB - Free Report) - Equities researchers at Desjardins cut their Q1 2025 earnings per share estimates for shares of Laurentian Bank of Canada in a report released on Tuesday, February 4th. Desjardins analyst D. Young now forecasts that the company will earn $0.76 per share for the quarter, down from their prior estimate of $0.77. The consensus estimate for Laurentian Bank of Canada's current full-year earnings is $3.84 per share. Desjardins also issued estimates for Laurentian Bank of Canada's FY2026 earnings at $3.35 EPS.

LB has been the subject of a number of other research reports. CIBC increased their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Tuesday, November 26th. Jefferies Financial Group increased their price target on 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. Raymond James raised their price objective on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a "market perform" rating in a research report on Monday, December 9th. BMO Capital Markets lifted their target price on Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Monday, December 9th. Finally, Scotiabank lifted their target price on Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the stock a "sector perform" rating in a report on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of C$28.67.

Laurentian Bank of Canada Stock Down 0.4 %

LB stock traded down C$0.12 during trading on Thursday, reaching C$27.70. The company's stock had a trading volume of 144,964 shares, compared to its average volume of 191,798. Laurentian Bank of Canada has a 1 year low of C$24.45 and a 1 year high of C$31.74. The company has a market capitalization of C$1.22 billion, a P/E ratio of -44.68, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The company's fifty day moving average is C$28.99 and its 200-day moving average is C$27.52.

Laurentian Bank of Canada Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Friday, January 3rd were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.88 annualized dividend and a dividend yield of 6.79%. Laurentian Bank of Canada's dividend payout ratio (DPR) is presently -303.23%.

Laurentian Bank of Canada Company Profile

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.