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.

ILLEGAL ACTIVITY NOTICE: “Laurentian Bank of Canada (LB) Set to Announce Quarterly Earnings on Tuesday” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.thecerbatgem.com/2017/08/27/laurentian-bank-of-canada-lb-set-to-announce-quarterly-earnings-on-tuesday.html.

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.

Receive News & Stock Ratings for Laurentian Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laurentian Bank of Canada and related stocks with our FREE daily email newsletter.