Laurentian Bank of Canada (TSE:LB) Given Average Recommendation of “Reduce” by Analysts

Shares of Laurentian Bank of Canada (TSE:LB) have been assigned an average recommendation of “Reduce” from the four analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$36.50.

Separately, Desjardins set a C$40.50 price objective on shares of Laurentian Bank of Canada and gave the company a “tender” rating in a research note on Wednesday.

Laurentian Bank of Canada Trading Down 0.0%

TSE LB traded down C$0.02 during trading hours on Wednesday, hitting C$40.27. 88,369 shares of the company’s stock were exchanged, compared to its average volume of 182,584. The firm has a market cap of C$1.80 billion, a price-to-earnings ratio of 129.90, a PEG ratio of 0.76 and a beta of 1.20. The stock has a 50-day simple moving average of C$40.31 and a 200 day simple moving average of C$40.22. Laurentian Bank of Canada has a 1-year low of C$29.51 and a 1-year high of C$40.78.

Laurentian Bank of Canada (TSE:LB) last issued its quarterly earnings results on Friday, May 29th. The company reported C$0.46 earnings per share (EPS) 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, sell-side analysts anticipate that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current fiscal year.

Laurentian Bank of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, August 1st. Shareholders of record on Saturday, August 1st were issued a $0.47 dividend. 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 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.