Laurentian Bank of Canada (TSE:LB) – Stock analysts at National Bank Financial decreased their FY2016 earnings estimates for Laurentian Bank of Canada in a research report issued to clients and investors on Thursday. National Bank Financial analyst P. Routledge now anticipates that the firm will earn $5.66 per share for the year, down from their prior estimate of $5.67. National Bank Financial currently has a “Sector Perform” rating and a $52.00 target price on the stock. National Bank Financial also issued estimates for Laurentian Bank of Canada’s Q4 2016 earnings at $1.43 EPS.

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

A number of other research analysts have also commented on the company. Scotiabank lowered Laurentian Bank of Canada from a “sector outperform” rating to a “sector perform” rating in a research report on Friday, August 19th. Canaccord Genuity reissued a “buy” rating and issued a C$54.00 price target on shares of Laurentian Bank of Canada in a research note on Tuesday, September 27th. CSFB reissued an “underperform” rating and issued a C$52.00 price target on shares of Laurentian Bank of Canada in a research note on Tuesday. TD Securities raised Laurentian Bank of Canada from a “hold” rating to a “buy” rating in a research note on Tuesday, October 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a C$52.00 price target on shares of Laurentian Bank of Canada in a research note on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of C$52.22.

Laurentian Bank of Canada (TSE:LB) opened at 51.04 on Monday. Laurentian Bank of Canada has a one year low of $42.42 and a one year high of $55.82. The stock’s 50 day moving average price is $49.47 and its 200-day moving average price is $49.40. The stock has a market cap of $1.56 billion and a P/E ratio of 14.74.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Tuesday, November 1st were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend was Thursday, September 29th.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada is a Canada-based chartered bank. The Bank, through its subsidiaries, provides banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors, and operates as a full-service brokerage firm. It operates through three business segments: Personal & Commercial, B2B Bank, and Laurentian Bank Securities & Capital Markets.

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