Laurentian Bank of Canada (TSE:LB - Get Free Report) announced a quarterly dividend on Friday, December 6th,RTT News reports. Investors of record on Friday, January 3rd will be paid a dividend of 0.47 per share on Saturday, February 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.15%.
Laurentian Bank of Canada Stock Up 5.3 %
LB traded up C$1.55 during trading on Friday, hitting C$30.57. 782,107 shares of the company traded hands, compared to its average volume of 233,100. Laurentian Bank of Canada has a one year low of C$24.45 and a one year high of C$31.74. The stock's fifty day moving average is C$27.50 and its 200 day moving average is C$26.75. The firm has a market cap of C$1.34 billion, a P/E ratio of -49.31, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25.
Wall Street Analysts Forecast Growth
LB has been the subject of several recent research reports. CIBC lifted their target price on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Tuesday, November 26th. BMO Capital Markets increased their target price on Laurentian Bank of Canada from C$27.00 to C$28.00 in a research report on Monday, November 18th. Cibc World Mkts upgraded Laurentian Bank of Canada to a "hold" rating in a research report on Wednesday, August 21st. Raymond James boosted their price objective on Laurentian Bank of Canada from C$26.00 to C$27.00 in a research note on Wednesday, September 4th. Finally, Scotiabank raised their target price on Laurentian Bank of Canada from C$26.00 to C$30.00 in a research note on Monday, November 25th. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of C$27.10.
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About Laurentian Bank of Canada
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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.
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