Laurentian Bank of Canada (LB) To Go Ex-Dividend on April 1st

Laurentian Bank of Canada (TSE:LB) declared a quarterly dividend on Tuesday, April 1st, TickerTech Dividends reports. Stockholders of record on Thursday, May 1st will be given a dividend of 0.47 per share on Thursday, May 1st. This represents a $1.88 annualized dividend and a dividend yield of 7.10%. The ex-dividend date of this dividend is Tuesday, April 1st.

Laurentian Bank of Canada Stock Down 1.4 %

Shares of TSE:LB opened at C$26.48 on Thursday. Laurentian Bank of Canada has a fifty-two week low of C$24.45 and a fifty-two week high of C$31.74. The company has a market cap of C$1.17 billion, a PE ratio of -211.20, a P/E/G ratio of 0.76 and a beta of 1.25. The company’s 50-day moving average price is C$27.42 and its 200 day moving average price is C$27.78.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. National Bankshares increased their price target on Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a research note on Monday, December 9th. BMO Capital Markets decreased their target price on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research report on Monday, March 3rd. Jefferies Financial Group boosted their price target on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Scotiabank decreased their price objective on shares of Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating for the company in a report on Thursday, February 20th. Finally, Raymond James dropped their target price on Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$28.00.

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.