Laurentian Bank of Canada (TSE:LB) Reaches New 1-Year High – Still a Buy?

Laurentian Bank of Canada (TSE:LB) reached 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 traded. The stock had previously closed at C$40.47.

Laurentian Bank of Canada Price Performance

The firm has a market cap of C$1.81 billion, a P/E ratio of 130.32, a PEG ratio of 0.76 and a beta of 1.24. The stock’s 50-day simple moving average is C$40.31 and its two-hundred day simple moving average is C$40.17.

Laurentian Bank of Canada (TSE:LB) last released its earnings results on Friday, May 29th. The company reported C$0.46 earnings per share (EPS) for the quarter. Laurentian Bank of Canada had a net margin of 1.36% and a return on equity of 1.01%. The firm had revenue of C$236.16 million during the quarter. As a group, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Saturday, August 1st. Shareholders of record on Saturday, August 1st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.88 annualized dividend and a yield of 4.7%. 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.