Laurentian Bank of Canada (LB) Expected to Post Q3 2018 Earnings of $1.57 Per Share
Laurentian Bank of Canada (TSE:LB) – Equities researchers at National Bank Financial issued their Q3 2018 EPS estimates for Laurentian Bank of Canada in a report released on Monday. National Bank Financial analyst G. Dechaine anticipates that the company will post earnings of $1.57 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $59.00 target price on the stock. National Bank Financial also issued estimates for Laurentian Bank of Canada’s FY2019 earnings at $6.95 EPS.
Several other equities research analysts have also commented on LB. Barclays PLC lowered their price objective on Laurentian Bank of Canada from C$58.00 to C$57.00 in a research report on Friday, August 11th. CIBC upped their price objective on Laurentian Bank of Canada from C$61.00 to C$66.00 in a research report on Monday, November 13th. Canaccord Genuity upped their price objective on Laurentian Bank of Canada from C$63.00 to C$67.00 in a research report on Wednesday, November 1st. BMO Capital Markets upped their price objective 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. Finally, Scotiabank restated a “sector perform” rating and issued a C$60.00 price objective on shares of Laurentian Bank of Canada in a research report on Monday, August 21st. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$59.70.
Shares of Laurentian Bank of Canada (TSE LB) traded down C$0.15 during trading hours on Wednesday, reaching C$59.41. 101,860 shares of the company traded hands, compared to its average volume of 125,762. Laurentian Bank of Canada has a one year low of C$51.57 and a one 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 given a $0.62 dividend. The ex-dividend date was Friday, September 29th. This represents a $2.48 annualized dividend and a yield of 4.17%. Laurentian Bank of Canada’s dividend payout ratio is presently 55.20%.
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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