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.

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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.

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

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