Laurentian Bank of Canada (TSE:LB) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Laurentian Bank of Canada (TSE:LB) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$40.17 and traded as high as C$40.47. Laurentian Bank of Canada shares last traded at C$40.47, with a volume of 93,008 shares.

Laurentian Bank of Canada Price Performance

The firm has a 50 day moving average of C$40.32 and a 200-day moving average of C$40.18. The stock has a market capitalization of C$1.81 billion, a P/E ratio of 130.68, a price-to-earnings-growth ratio of 0.76 and a beta of 1.24.

Laurentian Bank of Canada (TSE:LB) last announced its quarterly earnings data on Friday, May 29th. The company reported C$0.46 EPS for the quarter. Laurentian Bank of Canada had a return on equity of 1.01% and a net margin of 1.36%.The company had revenue of C$236.16 million during the quarter. As a group, equities analysts expect that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current year.

Laurentian Bank of Canada Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, August 1st. Investors of record on Saturday, August 1st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, June 30th. Laurentian Bank of Canada’s dividend payout ratio is presently 606.45%.

About Laurentian Bank of Canada

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.