Laurentian Bank of Canada (TSE:LB) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Laurentian Bank of Canada (TSE:LB) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$40.20 and traded as low as C$40.18. Laurentian Bank of Canada shares last traded at C$40.22, with a volume of 120,351 shares changing hands.

Laurentian Bank of Canada Price Performance

The stock has a market cap of C$1.80 billion, a P/E ratio of 129.74, a PEG ratio of 0.76 and a beta of 1.20. The firm’s fifty day moving average price is C$40.33 and its two-hundred day moving average price is C$40.20.

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

Laurentian Bank of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, August 1st. Stockholders of record on Saturday, August 1st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Tuesday, June 30th. Laurentian Bank of Canada’s dividend payout ratio (DPR) is 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.