Laurentian Bank of Canada (TSE:LB - Get Free Report) declared a quarterly dividend on Tuesday, April 1st, TickerTech Dividends reports. Shareholders of record on Thursday, May 1st will be paid a dividend of 0.47 per share on Thursday, May 1st. This represents a $1.88 annualized dividend and a dividend yield of 7.10%. The ex-dividend date is Tuesday, April 1st.
Laurentian Bank of Canada Price Performance
Shares of LB stock traded down C$0.37 during trading hours on Wednesday, hitting C$26.48. The stock had a trading volume of 216,574 shares, compared to its average volume of 193,404. The firm has a market capitalization of C$1.17 billion, a PE ratio of -211.20, a PEG ratio of 0.76 and a beta of 1.25. The stock's 50 day moving average is C$27.42 and its 200 day moving average is C$27.78. Laurentian Bank of Canada has a twelve month low of C$24.45 and a twelve month high of C$31.74.
Analysts Set New Price Targets
LB has been the subject of several research analyst reports. Scotiabank cut their price objective 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 report on Thursday, February 20th. Jefferies Financial Group increased their price objective 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 note 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 report on Monday, December 9th. BMO Capital Markets dropped their price objective on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research note 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's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of C$28.00.
Check Out Our Latest Research Report on LB
Laurentian Bank of Canada Company Profile
(
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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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