National Bank Financial Research Analysts Reduce Earnings Estimates for Laurentian Bank of Canada (TSE:LB)

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.

LB has been the subject of a number of other research reports. Scotiabank reduced their price target on Laurentian Bank of Canada from C$51.00 to C$50.00 in a report on Thursday, March 3rd. Cormark lifted their price target on Laurentian Bank of Canada from C$46.00 to C$47.00 and gave the stock a “neutral” rating in a report on Thursday, March 3rd. TD Securities raised their price objective on shares of Laurentian Bank of Canada from C$46.00 to C$50.00 in a research report on Tuesday, February 15th. Veritas Investment Research restated a “sell” rating on shares of Laurentian Bank of Canada in a research report on Thursday, February 10th. Finally, National Bankshares lifted their price target on shares of Laurentian Bank of Canada from C$47.00 to C$49.00 in a research report on Wednesday, February 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Laurentian Bank of Canada has an average rating of “Hold” and a consensus target price of C$47.20.

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.

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