Laurentian Bank of Canada (TSE:LB) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Laurentian Bank of Canada (TSE:LB)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$32.28 and traded as high as C$39.99. Laurentian Bank of Canada shares last traded at C$39.97, with a volume of 657,233 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have commented on LB. Raymond James Financial downgraded Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research report on Monday, December 8th. Scotiabank set a C$33.00 target price on Laurentian Bank of Canada and gave the company a “sector perform” rating in a research note on Tuesday, November 25th. National Bankshares reduced their target price on Laurentian Bank of Canada from C$27.00 to C$26.00 and set an “underperform” rating for the company in a research report on Tuesday, September 2nd. Royal Bank Of Canada raised shares of Laurentian Bank of Canada from a “strong sell” rating to a “hold” rating and boosted their price target for the company from C$25.00 to C$40.00 in a report on Monday, December 8th. Finally, BMO Capital Markets raised their price objective on shares of Laurentian Bank of Canada from C$31.00 to C$40.50 in a report on Monday, December 8th. Two investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Laurentian Bank of Canada has a consensus rating of “Strong Sell” and a consensus target price of C$35.19.

Laurentian Bank of Canada Price Performance

The firm has a market cap of C$1.78 billion, a P/E ratio of 14.08, a PEG ratio of 0.76 and a beta of 1.44. The company’s 50-day moving average is C$34.53 and its two-hundred day moving average is C$32.40.

Laurentian Bank of Canada (TSE:LB) last issued its earnings results on Friday, December 5th. The company reported C$0.73 EPS for the quarter. Laurentian Bank of Canada had a negative net margin of 0.30% and a negative return on equity of 0.20%. The company had revenue of C$244.71 million during the quarter. On average, analysts expect 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 announced a quarterly dividend, which was paid on Saturday, November 1st. Shareholders of record on Saturday, November 1st were paid a dividend of $0.47 per share. The ex-dividend date was Wednesday, October 1st. This represents a $1.88 annualized dividend and a yield of 4.7%. Laurentian Bank of Canada’s dividend payout ratio is presently 66.20%.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.