Laurentian Bank of Canada (LB) Scheduled to Post Quarterly Earnings on Friday

Laurentian Bank of Canada (TSE:LB - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Friday, December 6th. Analysts expect the company to announce earnings of C$0.88 per share for the quarter.

Laurentian Bank of Canada (TSE:LB - Get Free Report) last issued its quarterly earnings data on Friday, August 30th. The company reported C$0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.85 by C$0.03. The firm had revenue of C$256.50 million during the quarter, compared to the consensus estimate of C$257.90 million. Laurentian Bank of Canada had a negative return on equity of 0.55% and a negative net margin of 1.64%.

Laurentian Bank of Canada Price Performance

Shares of LB stock traded up C$0.24 during trading hours on Friday, hitting C$29.74. 77,327 shares of the company's stock were exchanged, compared to its average volume of 231,594. Laurentian Bank of Canada has a 52 week low of C$24.45 and a 52 week high of C$29.75. The stock has a market cap of C$1.31 billion, a price-to-earnings ratio of -47.84, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The stock's 50-day moving average is C$27.21 and its 200-day moving average is C$26.65.

Laurentian Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, November 1st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.88 annualized dividend and a yield of 6.32%. Laurentian Bank of Canada's dividend payout ratio (DPR) is -303.23%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LB shares. Cibc World Mkts raised shares of Laurentian Bank of Canada to a "hold" rating in a research note on Wednesday, August 21st. CIBC boosted their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday. Scotiabank increased their price objective on Laurentian Bank of Canada from C$26.00 to C$30.00 in a research report on Monday. Desjardins boosted their target price on Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the stock a "sell" rating in a research report on Tuesday, August 6th. Finally, BMO Capital Markets upped their price target on Laurentian Bank of Canada from C$27.00 to C$28.00 in a research note on Monday, November 18th. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of C$27.10.

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.