Laurentian Bank of Canada (TSE:LB) Declares $0.47 Quarterly Dividend

Laurentian Bank of Canada (TSE:LB - Get Free Report) declared a quarterly dividend on Tuesday, April 1st, TickerTech Dividends reports. Stockholders of record on Thursday, May 1st will be given a dividend of 0.47 per share on Thursday, May 1st. This represents a $1.88 annualized dividend and a dividend yield of 7.34%. The ex-dividend date is Tuesday, April 1st.

Laurentian Bank of Canada Price Performance

LB stock traded down C$0.58 during trading hours on Friday, reaching C$25.61. The stock had a trading volume of 380,947 shares, compared to its average volume of 198,081. The stock has a 50-day simple moving average of C$27.30 and a 200 day simple moving average of C$27.78. 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 stock has a market capitalization of C$1.13 billion, a PE ratio of -204.26, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25.

Analysts Set New Price Targets

Several equities analysts have recently commented on LB shares. National Bankshares boosted their target price 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. Jefferies Financial Group boosted their target price 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. Scotiabank dropped their price target on Laurentian Bank of Canada from C$33.00 to C$28.00 and set a "sector perform" rating for the company in a research note on Thursday, February 20th. BMO Capital Markets cut their price objective on Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday, March 3rd. Finally, Raymond James lowered their target price on Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, March 3rd. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$28.00.

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.