Laurentian Bank of Canada (TSE:LB) Receives Average Rating of “Hold” from Brokerages

Shares of Laurentian Bank of Canada (TSE:LB – Get Rating) have received an average rating of “Hold” from the eleven research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$40.64.

Several research firms have recently issued reports on LB. Keefe, Bruyette & Woods lowered their price objective on Laurentian Bank of Canada from C$40.00 to C$38.00 in a research report on Friday, November 18th. BMO Capital Markets reduced their target price on Laurentian Bank of Canada from C$45.00 to C$43.00 in a report on Monday, December 12th. Credit Suisse Group boosted their target price on Laurentian Bank of Canada from C$33.00 to C$34.00 and gave the company a “sell” rating in a report on Monday, December 12th. Royal Bank of Canada boosted their target price on Laurentian Bank of Canada from C$53.00 to C$55.00 and gave the company an “outperform” rating in a report on Monday, December 12th. Finally, Scotiabank reduced their target price on Laurentian Bank of Canada from C$39.00 to C$38.00 in a report on Friday, February 17th.

Laurentian Bank of Canada Price Performance

LB opened at C$33.05 on Monday. Laurentian Bank of Canada has a 12 month low of C$28.23 and a 12 month high of C$44.58. The stock has a market capitalization of C$1.43 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 0.76 and a beta of 1.15. The business has a fifty day moving average price of C$34.66 and a 200 day moving average price of C$33.23.

Laurentian Bank of Canada (TSE:LB – Get Rating) last released its earnings results on Friday, December 9th. The company reported C$1.31 EPS for the quarter, topping the consensus estimate of C$1.21 by C$0.10. Laurentian Bank of Canada had a return on equity of 8.15% and a net margin of 22.90%. The firm had revenue of C$257.14 million during the quarter, compared to analysts’ expectations of C$267.30 million. On average, research analysts anticipate that Laurentian Bank of Canada will post 4.7146933 earnings per share for the current year.

Laurentian Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 1st. Shareholders of record on Monday, April 3rd will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend is Friday, March 31st. Laurentian Bank of Canada’s dividend payout ratio is presently 37.78%.

About Laurentian Bank of Canada

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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 Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.