Laurentian Bank of Canada (TSE:LB) Shares Break Above 200 Day Moving Average – What’s Next?

Laurentian Bank of Canada (TSE:LB) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$40.34 and traded as high as C$40.37. Laurentian Bank of Canada shares last traded at C$40.31, with a volume of 106,966 shares.

Analyst Ratings Changes

Separately, Desjardins set a C$40.50 price target on Laurentian Bank of Canada and gave the company a “tender” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of C$39.17.

Laurentian Bank of Canada Stock Performance

The firm’s 50 day simple moving average is C$40.45 and its two-hundred day simple moving average is C$40.34. The firm has a market cap of C$1.81 billion, a price-to-earnings ratio of -82.41, a PEG ratio of 0.76 and a beta of 0.88.

Laurentian Bank of Canada (TSE:LB) last posted its quarterly earnings data on Friday, August 28th. The company reported C$0.51 earnings per share (EPS) for the quarter. Laurentian Bank of Canada had a negative net margin of 0.41% and a negative return on equity of 0.30%. The firm had revenue of C$241.73 million during the quarter. As a group, equities research analysts anticipate that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current fiscal year.

Laurentian Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 30th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.88 dividend on an annualized basis and a yield of 4.7%. Laurentian Bank of Canada’s dividend payout ratio is currently -383.67%.

Laurentian Bank of Canada Company Profile

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.