Laurentian Bank of Canada (TSE:LB) Reaches New 1-Year High – Here’s Why

Laurentian Bank of Canada (TSE:LB) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as C$40.49 and last traded at C$40.42, with a volume of 53694 shares changing hands. The stock had previously closed at C$40.47.

Laurentian Bank of Canada Trading Up 0.3%

The stock has a market cap of C$1.82 billion, a price-to-earnings ratio of 131.06, a P/E/G ratio of 0.76 and a beta of 1.24. The firm’s 50-day moving average is C$40.32 and its two-hundred day moving average is C$40.18.

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

Laurentian Bank of Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, August 1st. Shareholders of record on Saturday, August 1st will be issued a $0.47 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 4.6%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently 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.