Laurentian Bank of Canada (TSE:LB – Get Rating) – Stock analysts at National Bank Financial lowered their FY2022 earnings estimates for Laurentian Bank of Canada in a report issued on Thursday, April 7th. National Bank Financial analyst G. Dechaine now anticipates that the company will post earnings per share of $4.66 for the year, down from their prior forecast of $4.68.
Laurentian Bank of Canada (TSE:LB – Get Rating) last announced its quarterly earnings data on Wednesday, March 2nd. The company reported C$1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.22 by C$0.04. The company had revenue of C$257.54 million during the quarter, compared to the consensus estimate of C$254.10 million.
Shares of TSE LB opened at C$40.43 on Monday. The stock has a market capitalization of C$1.75 billion and a price-to-earnings ratio of 32.53. The business has a 50-day moving average of C$42.83 and a 200-day moving average of C$41.74. Laurentian Bank of Canada has a fifty-two week low of C$36.54 and a fifty-two week high of C$45.29.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, May 1st. Investors of record on Friday, April 1st will be paid a $0.44 dividend. The ex-dividend date is Thursday, March 31st. This represents a $1.76 dividend on an annualized basis and a yield of 4.35%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is 131.94%.
About Laurentian Bank of Canada (Get Rating)
Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The company offers notice, demand, and term deposits; commercial, residential mortgage, and personal loans; real estate, and equipment and inventory financing; and credit life and disability insurance products.
- Exelon Stock Still Has Extraordinary Upside
- Greenbrier Companies Stock has Green in its Future
- Insiders Are Selling Palo Alto Networks
- 3 Bank Stocks That Are Ready to Handle Whatever the Fed Throws at Them
- Headwinds Mount For Carmax, Don’t Count On Higher Share Prices
Receive News & Ratings for Laurentian Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laurentian Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.