Q1 2017 EPS Estimates for Laurentian Bank of Canada Lifted by Analyst (LB)

Laurentian Bank of Canada (TSE:LB) – Equities researchers at Cormark lifted their Q1 2017 earnings estimates for Laurentian Bank of Canada in a research report issued on Monday. Cormark analyst M. Grauman now expects that the brokerage will post earnings of $1.43 per share for the quarter, up from their prior estimate of $1.42. Cormark also issued estimates for Laurentian Bank of Canada’s FY2018 earnings at $6.44 EPS.

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Earnings History and Estimates for Laurentian Bank of Canada (TSE:LB)

Other research analysts have also issued reports about the company. RBC Capital Markets increased their price objective on Laurentian Bank of Canada from C$52.00 to C$57.00 in a research note on Wednesday, December 7th. Desjardins increased their price objective on Laurentian Bank of Canada from C$56.00 to C$58.00 in a research note on Wednesday, December 21st. Canaccord Genuity increased their price objective on Laurentian Bank of Canada from C$54.00 to C$57.00 in a research note on Tuesday, November 22nd. BMO Capital Markets increased their price objective on Laurentian Bank of Canada from C$52.00 to C$56.00 in a research note on Wednesday, December 7th. Finally, Barclays PLC increased their price objective on Laurentian Bank of Canada from C$48.00 to C$52.00 in a research note on Wednesday, December 7th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Laurentian Bank of Canada currently has an average rating of “Hold” and a consensus target price of C$57.33.

Shares of Laurentian Bank of Canada (TSE:LB) opened at 61.07 on Wednesday. The firm has a 50-day moving average of $58.81 and a 200 day moving average of $52.55. Laurentian Bank of Canada has a 12 month low of $44.62 and a 12 month high of $61.20. The company has a market capitalization of $2.07 billion and a PE ratio of 13.43.

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The company also recently declared a quarterly dividend, which was paid on Wednesday, February 1st. Investors of record on Wednesday, February 1st were issued a $0.61 dividend. This is a boost from Laurentian Bank of Canada’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, December 29th. This represents a $2.44 annualized dividend and a yield of 4.00%.

About Laurentian Bank of Canada

Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.

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