Laurentian Bank of Canada (TSE:LB) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Laurentian Bank of Canada (TSE:LB) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$39.71 and traded as high as C$40.34. Laurentian Bank of Canada shares last traded at C$40.34, with a volume of 206,428 shares.

Laurentian Bank of Canada Price Performance

The firm has a market capitalization of C$1.81 billion, a PE ratio of 130.16, a PEG ratio of 0.76 and a beta of 1.24. The firm has a 50-day simple moving average of C$40.28 and a 200-day simple moving average of C$39.82.

Laurentian Bank of Canada (TSE:LB) last released its quarterly earnings data on Friday, May 29th. The company reported C$0.46 EPS for the quarter. Laurentian Bank of Canada had a net margin of 1.36% and a return on equity of 1.01%. The business had revenue of C$236.16 million during the quarter. Equities analysts expect that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current year.

Laurentian Bank of Canada Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, May 1st were paid a $0.47 dividend. The ex-dividend date was Wednesday, April 1st. This represents a $1.88 dividend on an annualized basis and a yield of 4.7%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is 606.45%.

Laurentian Bank of Canada Company Profile

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.