Research Analysts Offer Predictions for Laurentian Bank of Canada’s FY2022 Earnings (TSE:LB)

Laurentian Bank of Canada (TSE:LBGet Rating) – Stock analysts at Cormark raised their FY2022 earnings estimates for shares of Laurentian Bank of Canada in a research report issued to clients and investors on Friday, May 20th. Cormark analyst L. Persaud now forecasts that the company will post earnings of $5.08 per share for the year, up from their prior estimate of $5.01. Cormark has a “Neutral” rating and a $47.00 price objective on the stock. Cormark also issued estimates for Laurentian Bank of Canada’s FY2023 earnings at $5.30 EPS.

Several other analysts have also recently issued reports on the company. National Bankshares raised their target price on Laurentian Bank of Canada from C$47.00 to C$49.00 in a research note on Wednesday, February 23rd. CSFB set a C$39.00 target price on shares of Laurentian Bank of Canada and gave the company an “underperform” rating in a report on Friday. Barclays decreased their price objective on shares of Laurentian Bank of Canada from C$46.00 to C$40.00 and set an “equal weight” rating for the company in a report on Wednesday, May 11th. Credit Suisse Group reiterated an “underperform” rating and set a C$39.00 target price on shares of Laurentian Bank of Canada in a research note on Friday. Finally, Scotiabank decreased their target price on shares of Laurentian Bank of Canada from C$50.00 to C$46.00 in a research note on Wednesday, April 13th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$45.00.

LB opened at C$37.04 on Monday. The company has a market cap of C$1.60 billion and a P/E ratio of 29.80. Laurentian Bank of Canada has a 12 month low of C$36.54 and a 12 month high of C$45.29. The business’s 50-day moving average price is C$40.43 and its 200-day moving average price is C$41.32.

Laurentian Bank of Canada (TSE:LBGet Rating) last released its quarterly earnings results on Wednesday, March 2nd. The company reported C$1.26 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.22 by C$0.04. The firm had revenue of C$257.54 million for the quarter, compared to analysts’ expectations of C$254.10 million.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, May 1st. Shareholders of record on Friday, April 1st were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.75%. The ex-dividend date was Thursday, March 31st. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently 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.

Further Reading

Earnings History and Estimates for Laurentian Bank of Canada (TSE:LB)

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