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

Laurentian Bank of Canada (TSE:LB)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$39.11 and traded as high as C$40.39. Laurentian Bank of Canada shares last traded at C$40.36, with a volume of 72,238 shares changing hands.

Analyst Ratings Changes

Separately, Desjardins decreased their price objective on shares of Laurentian Bank of Canada from C$50.00 to C$40.00 and set a “tender” rating for the company in a research report on Monday, February 9th. Two investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Strong Sell” and a consensus price target of C$36.44.

Laurentian Bank of Canada Trading Up 0.0%

The business’s 50-day simple moving average is C$40.24 and its two-hundred day simple moving average is C$39.12. The company has a market capitalization of C$1.80 billion, a PE ratio of 26.91, a PEG ratio of 0.76 and a beta of 1.23.

Laurentian Bank of Canada (TSE:LB) last posted its quarterly earnings data on Friday, February 27th. The company reported C$0.65 earnings per share for the quarter. The company had revenue of C$251.56 million during the quarter. Laurentian Bank of Canada had a net margin of 3.72% and a return on equity of 2.86%. On average, analysts forecast that Laurentian Bank of Canada will post 3.8414986 EPS for the current year.

Laurentian Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Friday, May 1st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Wednesday, April 1st. Laurentian Bank of Canada’s dividend payout ratio is 125.33%.

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.