Laurentian Bank of Canada (LRCDF) to Release Quarterly Earnings on Friday

Laurentian Bank of Canada (OTCMKTS:LRCDF) is expected to be announcing its results before the market opens on Friday, February 27th. Analysts expect the company to announce earnings of $0.5120 per share and revenue of $181.9060 million for the quarter.

Laurentian Bank of Canada Price Performance

OTCMKTS:LRCDF remained flat at $29.29 on Friday. The company’s stock had a trading volume of 35 shares, compared to its average volume of 1,833. Laurentian Bank of Canada has a 12 month low of $18.00 and a 12 month high of $29.61. The company has a 50-day moving average of $29.19 and a 200 day moving average of $25.66.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LRCDF. BMO Capital Markets reissued a “market perform” rating on shares of Laurentian Bank of Canada in a research report on Monday, December 8th. Royal Bank Of Canada raised shares of Laurentian Bank of Canada to a “sector perform” rating in a research note on Friday, December 5th. Scotiabank reissued a “sector perform” rating on shares of Laurentian Bank of Canada in a research note on Wednesday, December 3rd. Finally, Raymond James Financial cut shares of Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research report on Friday, December 5th. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Laurentian Bank of Canada currently has an average rating of “Reduce”.

Laurentian Bank of Canada Company Profile

The Laurentian Bank of Canada (OTCMKTS:LRCDF) is headquartered in Quebec City and is one of Canada’s Schedule I banks. Established in 1846, the institution has grown from a regional savings bank into a diversified financial services provider. While its core footprint remains in Quebec, the bank also serves customers in other Canadian provinces through a network of branches, digital channels and broker partnerships.

Laurentian Bank’s personal banking division offers chequing and savings accounts, mortgages, lines of credit, credit cards and payment solutions.