Brokers Offer Predictions for Laurentian Bank of Canada’s Q4 2024 Earnings (TSE:LB)

Laurentian Bank of Canada (TSE:LB) – Raymond James decreased their Q4 2024 earnings estimates for shares of Laurentian Bank of Canada in a report issued on Tuesday, September 3rd. Raymond James analyst S. Boland now expects that the company will post earnings per share of $0.95 for the quarter, down from their previous estimate of $1.02. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.94 per share. Raymond James also issued estimates for Laurentian Bank of Canada’s Q3 2025 earnings at $0.96 EPS, Q4 2025 earnings at $1.04 EPS and FY2025 earnings at $3.84 EPS.

A number of other equities research analysts have also issued reports on the stock. Cibc World Mkts upgraded shares of Laurentian Bank of Canada to a “hold” rating in a report on Wednesday, August 21st. National Bankshares lowered their price target on Laurentian Bank of Canada from C$27.00 to C$26.00 and set an “underperform” rating on the stock in a report on Monday, June 3rd. Jefferies Financial Group decreased their price objective on Laurentian Bank of Canada from C$28.00 to C$26.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. CIBC reduced their price target on shares of Laurentian Bank of Canada from C$30.00 to C$28.00 and set a “neutral” rating for the company in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada dropped their price objective on shares of Laurentian Bank of Canada from C$26.00 to C$25.00 and set an “underperform” rating on the stock in a research note on Monday, June 3rd. Three research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$27.42.

Laurentian Bank of Canada Stock Performance

Shares of TSE:LB opened at C$26.39 on Thursday. The stock has a market capitalization of C$1.16 billion, a price-to-earnings ratio of -94.25, a PEG ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 1-year low of C$24.45 and a 1-year high of C$38.25. The company has a 50 day moving average price of C$26.28 and a 200 day moving average price of C$26.59.

Laurentian Bank of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.88 dividend on an annualized basis and a yield of 7.12%. Laurentian Bank of Canada’s dividend payout ratio is currently -671.43%.

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.