Research Analysts Set Expectations for TSE:LB Q4 Earnings

Laurentian Bank of Canada (TSE:LB - Free Report) - Equities research analysts at Cormark issued their Q4 2024 earnings estimates for shares of Laurentian Bank of Canada in a research report issued to clients and investors on Monday, November 25th. Cormark analyst L. Persaud anticipates that the company will post earnings per share of $0.86 for the quarter. The consensus estimate for Laurentian Bank of Canada's current full-year earnings is $3.84 per share.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets increased their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$28.00 in a report on Monday, November 18th. Scotiabank increased their target price on Laurentian Bank of Canada from C$26.00 to C$30.00 in a research report on Monday. Desjardins increased their target price on Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the company a "sell" rating in a research report on Tuesday, August 6th. Raymond James increased their target price on Laurentian Bank of Canada from C$26.00 to C$27.00 in a research report on Wednesday, September 4th. Finally, CIBC increased their target price on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Tuesday. 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 stock has an average rating of "Hold" and a consensus target price of C$27.10.

Laurentian Bank of Canada Price Performance

Shares of LB opened at C$29.29 on Wednesday. Laurentian Bank of Canada has a 1 year low of C$24.45 and a 1 year high of C$29.49. The company has a 50 day simple moving average of C$27.09 and a two-hundred day simple moving average of C$26.58. The firm has a market cap of C$1.29 billion, a P/E ratio of -47.24, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada (TSE:LB - Get Free Report) last announced its quarterly earnings data on Friday, August 30th. The company reported C$0.88 earnings per share (EPS) 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 business had revenue of C$256.50 million during the quarter, compared to analyst estimates of C$257.90 million.

Laurentian Bank of Canada Dividend Announcement

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 $0.47 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.88 dividend on an annualized basis and a yield of 6.42%. Laurentian Bank of Canada's dividend payout ratio is presently -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.

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