Laurentian Bank of Canada (TSE:LB) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Laurentian Bank of Canada (TSE:LB) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$40.20 and traded as high as C$40.26. Laurentian Bank of Canada shares last traded at C$40.26, with a volume of 121,396 shares.

Laurentian Bank of Canada Stock Performance

The stock has a market cap of C$1.80 billion, a price-to-earnings ratio of 129.61, a PEG ratio of 0.76 and a beta of 1.20. The company’s 50 day simple moving average is C$40.32 and its 200 day simple moving average is C$40.20.

Laurentian Bank of Canada (TSE:LB) last issued its quarterly earnings results on Friday, May 29th. The company reported C$0.46 earnings per share for the quarter. The company had revenue of C$236.16 million during the quarter. Laurentian Bank of Canada had a net margin of 1.36% and a return on equity of 1.01%. Sell-side analysts predict that Laurentian Bank of Canada will post 3.8414986 EPS 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. Shareholders of record on Saturday, August 1st will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Tuesday, June 30th. Laurentian Bank of Canada’s dividend payout ratio is 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.