Laurentian Bank of Canada (TSE:LB) – Desjardins lifted their FY2018 earnings per share (EPS) estimates for Laurentian Bank of Canada in a research report issued on Monday. Desjardins analyst D. Young now expects that the company will post earnings per share of $6.21 for the year, up from their prior forecast of $6.20. Desjardins also issued estimates for Laurentian Bank of Canada’s FY2019 earnings at $6.67 EPS.

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Several other research firms also recently issued reports on LB. Barclays PLC dropped their target price on Laurentian Bank of Canada from C$58.00 to C$57.00 in a research report on Friday, August 11th. Scotiabank restated a “sector perform” rating and set a C$60.00 target price on shares of Laurentian Bank of Canada in a research report on Monday, August 21st. BMO Capital Markets increased their target price on Laurentian Bank of Canada from C$56.00 to C$57.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 30th. Canaccord Genuity increased their target price on Laurentian Bank of Canada from C$61.00 to C$63.00 and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Finally, National Bank Financial increased their target price on Laurentian Bank of Canada from C$58.00 to C$59.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Laurentian Bank of Canada currently has a consensus rating of “Hold” and a consensus target price of C$59.30.

Shares of Laurentian Bank of Canada (LB) traded down C$0.19 during midday trading on Tuesday, reaching C$59.01. The company’s stock had a trading volume of 89,200 shares, compared to its average volume of 101,636. Laurentian Bank of Canada has a 1-year low of C$49.09 and a 1-year high of C$61.67.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Monday, October 2nd were issued a $0.62 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $2.48 annualized dividend and a yield of 4.20%.

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.

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

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