Laurentian Bank of Canada (TSE:LB) – Stock analysts at Desjardins decreased their FY2020 EPS estimates for shares of Laurentian Bank of Canada in a report released on Monday, November 4th. Desjardins analyst D. Young now anticipates that the company will earn $4.55 per share for the year, down from their prior forecast of $4.65. Desjardins also issued estimates for Laurentian Bank of Canada’s FY2021 earnings at $4.85 EPS.
A number of other equities research analysts have also issued reports on LB. CIBC upgraded shares of Laurentian Bank of Canada from an “underperform” rating to a “neutral” rating and increased their target price for the stock from C$43.00 to C$49.00 in a report on Tuesday, August 13th. Barclays reiterated an “equal weight” rating and set a C$46.00 target price on shares of Laurentian Bank of Canada in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Laurentian Bank of Canada has a consensus rating of “Hold” and an average target price of C$43.56.
Shares of LB stock opened at C$46.54 on Tuesday. The firm’s 50 day moving average price is C$45.36 and its 200-day moving average price is C$44.34. Laurentian Bank of Canada has a one year low of C$36.21 and a one year high of C$46.56. The firm has a market cap of $1.95 billion and a P/E ratio of 11.61.
Laurentian Bank of Canada (TSE:LB) last issued its quarterly earnings data on Thursday, August 29th. The company reported C$1.15 EPS for the quarter, hitting the consensus estimate of C$1.15. The company had revenue of C$244.65 million during the quarter, compared to analyst estimates of C$253.30 million.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.66 per share. The ex-dividend date was Monday, September 30th. This represents a $2.64 dividend on an annualized basis and a yield of 5.67%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently 64.85%.
Laurentian Bank of Canada Company Profile
Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance solutions.
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