Laurentian Bank of Canada (TSE:LB - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$26.42 and traded as high as C$27.10. Laurentian Bank of Canada shares last traded at C$26.70, with a volume of 302,225 shares trading hands.
Wall Street Analysts Forecast Growth
LB has been the topic of several analyst reports. Desjardins lifted their price target on shares of 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. Cibc World Mkts upgraded Laurentian Bank of Canada to a "hold" rating in a report on Wednesday, August 21st. Raymond James boosted their price objective on shares of Laurentian Bank of Canada from C$26.00 to C$27.00 in a report on Wednesday, September 4th. Finally, CIBC decreased their target price 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 report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of C$27.01.
View Our Latest Analysis on Laurentian Bank of Canada
Laurentian Bank of Canada Trading Down 0.6 %
The company has a market cap of C$1.17 billion, a PE ratio of -42.66, a P/E/G ratio of 0.76 and a beta of 1.25. The company has a fifty day simple moving average of C$26.71 and a two-hundred day simple moving average of C$26.42.
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 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 company had revenue of C$256.50 million for the quarter, compared to the consensus estimate of C$257.90 million. On average, research analysts anticipate that Laurentian Bank of Canada will post 3.8414986 EPS for the current fiscal year.
Laurentian Bank of Canada Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, November 1st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date of this dividend is Tuesday, October 1st. Laurentian Bank of Canada's dividend payout ratio is presently -303.23%.
About Laurentian Bank of Canada
(
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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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