National Bank Financial Weighs in on TSE:LB FY2025 Earnings

Laurentian Bank of Canada (TSE:LB - Free Report) - Equities research analysts at National Bank Financial lowered their FY2025 earnings per share (EPS) estimates for shares of Laurentian Bank of Canada in a report released on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now expects that the company will post earnings of $3.69 per share for the year, down from their prior forecast of $3.97. The consensus estimate for Laurentian Bank of Canada's current full-year earnings is $3.84 per share. National Bank Financial also issued estimates for Laurentian Bank of Canada's FY2026 earnings at $3.91 EPS.

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

Several other equities research analysts have also weighed in on LB. Cibc World Mkts raised Laurentian Bank of Canada to a "hold" rating in a report on Wednesday, August 21st. CIBC dropped their price target on shares of Laurentian Bank of Canada from C$30.00 to C$28.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 20th. Raymond James boosted their target price on shares of Laurentian Bank of Canada from C$26.00 to C$27.00 in a report on Wednesday, September 4th. BMO Capital Markets raised their price target on Laurentian Bank of Canada from C$27.00 to C$28.00 in a report on Monday. Finally, Desjardins boosted their price objective on Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the company a "sell" rating in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$26.55.

Laurentian Bank of Canada Price Performance

TSE:LB opened at C$28.43 on Thursday. The company has a market capitalization of C$1.25 billion, a P/E ratio of -45.85, a P/E/G ratio of 0.76 and a beta of 1.25. The business has a fifty day simple moving average of C$26.95 and a two-hundred day simple moving average of C$26.53. Laurentian Bank of Canada has a 1 year low of C$24.45 and a 1 year high of C$29.49.

Laurentian Bank of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.61%. Laurentian Bank of Canada's dividend payout ratio (DPR) is -303.23%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.