Laurentian Bank of Canada (TSE:LB) Stock Passes Above 200 Day Moving Average – Here’s Why

Laurentian Bank of Canada (TSE:LB)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$40.21 and traded as high as C$40.35. Laurentian Bank of Canada shares last traded at C$40.28, with a volume of 89,047 shares changing hands.

Laurentian Bank of Canada Price Performance

The firm has a 50-day moving average of C$40.31 and a 200 day moving average of C$40.21. The stock has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 129.94, a PEG ratio of 0.76 and a beta of 1.20.

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

Laurentian Bank of Canada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, August 1st. Investors of record on Saturday, August 1st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Tuesday, June 30th. Laurentian Bank of Canada’s payout ratio is presently 606.45%.

About Laurentian Bank of Canada

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.