Desjardins Brokers Reduce Earnings Estimates for TSE:LB

Laurentian Bank of Canada (TSE:LB) – Desjardins lowered their Q1 2025 earnings per share (EPS) estimates for shares of Laurentian Bank of Canada in a research report issued on Tuesday, February 4th. Desjardins analyst D. Young now anticipates that the company will post earnings per share of $0.76 for the quarter, down from their previous forecast of $0.77. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.84 per share. Desjardins also issued estimates for Laurentian Bank of Canada’s FY2026 earnings at $3.35 EPS.

A number of other brokerages have also recently commented on LB. Raymond James increased their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Jefferies Financial Group increased their price target on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a “hold” rating in a research report on Monday, December 9th. BMO Capital Markets lifted their price objective on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Monday, December 9th. National Bankshares increased their target price on Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the company an “underperform” rating in a report on Monday, December 9th. Finally, Scotiabank boosted their price target on Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a report on Monday, December 9th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$28.67.

Laurentian Bank of Canada Stock Up 0.4 %

Shares of LB stock opened at C$27.82 on Thursday. The stock has a market cap of C$1.22 billion, a P/E ratio of -44.87, a P/E/G ratio of 0.76 and a beta of 1.25. 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 business has a fifty day simple moving average of C$28.99 and a 200-day simple moving average of C$27.52.

Laurentian Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Friday, January 3rd were issued a $0.47 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.76%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently -303.23%.

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.