What is Cormark's Estimate for TSE:LB FY2025 Earnings?

Laurentian Bank of Canada (TSE:LB - Free Report) - Analysts at Cormark cut their FY2025 earnings per share estimates for Laurentian Bank of Canada in a research note issued on Monday, December 9th. Cormark analyst L. Persaud now forecasts that the company will post earnings of $3.66 per share for the year, down from their prior estimate of $3.79. The consensus estimate for Laurentian Bank of Canada's current full-year earnings is $3.84 per share. Cormark also issued estimates for Laurentian Bank of Canada's FY2026 earnings at $4.05 EPS.

A number of other equities research analysts have also issued reports on the stock. Raymond James upped their target price on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a "market perform" rating in a research note on Monday. National Bankshares lifted their price objective on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an "underperform" rating in a report on Monday. Jefferies Financial Group boosted 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 report on Monday. Scotiabank lifted their target price on Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the company a "sector perform" rating in a research note on Monday. Finally, Cibc World Mkts raised Laurentian Bank of Canada to a "hold" rating in a report on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$28.67.

Laurentian Bank of Canada Stock Down 0.1 %

Shares of TSE LB traded down C$0.02 during trading on Wednesday, reaching C$30.36. 418,866 shares of the stock were exchanged, compared to its average volume of 237,204. The business's 50-day moving average price is C$27.56 and its 200 day moving average price is C$26.77. The company has a market capitalization of C$1.33 billion, a price-to-earnings ratio of -49.16, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a twelve month low of C$24.45 and a twelve month high of C$31.74.

Laurentian Bank of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Friday, January 3rd will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.19%. Laurentian Bank of Canada's payout ratio is -303.23%.

Laurentian Bank of Canada Company Profile

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.