Laurentian Bank of Canada (LB) Set to Announce Quarterly Earnings on Tuesday
Laurentian Bank of Canada (TSE:LB) will issue its quarterly earnings data before the market opens on Tuesday, August 29th. Analysts expect the company to announce earnings of $1.47 per share for the quarter.
Shares of Laurentian Bank of Canada (TSE:LB) opened at 53.92 on Friday. The stock has a market cap of $1.84 billion and a P/E ratio of 12.55. The firm’s 50-day moving average price is $54.29 and its 200 day moving average price is $55.95. Laurentian Bank of Canada has a one year low of $48.06 and a one year high of $61.67.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Tuesday, August 1st were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 4.60%. This is an increase from Laurentian Bank of Canada’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Thursday, June 29th.
A number of equities research analysts have issued reports on LB shares. Barclays PLC upgraded shares of Laurentian Bank of Canada from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 23rd. BMO Capital Markets restated a “market perform” rating and set a C$56.00 price target on shares of Laurentian Bank of Canada in a report on Monday, May 29th. Scotiabank decreased their price target on shares of Laurentian Bank of Canada from C$64.00 to C$60.00 and set a “sector perform” rating for the company in a report on Monday, May 29th. Desjardins decreased their price target on shares of Laurentian Bank of Canada from C$58.00 to C$57.00 and set a “hold” rating for the company in a report on Friday, May 26th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a C$57.00 price target on shares of Laurentian Bank of Canada in a report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of C$58.90.
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Laurentian Bank of Canada Company Profile
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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