Laurentian Bank of Canada (TSE:LB – Free Report) had its price target lowered by CSFB from C$41.00 to C$39.00 in a research note published on Friday morning, BayStreet.CA reports. The firm currently has a neutral rating on the stock.
Several other equities research analysts have also weighed in on the stock. Veritas Investment Research reaffirmed a buy rating on shares of Laurentian Bank of Canada in a report on Wednesday, July 12th. TD Securities decreased their price objective on shares of Laurentian Bank of Canada from C$48.00 to C$45.00 and set a buy rating on the stock in a report on Friday. Royal Bank of Canada lowered shares of Laurentian Bank of Canada from an outperform rating to a sector perform rating and decreased their price objective for the stock from C$55.00 to C$39.00 in a report on Friday. CIBC decreased their price objective on shares of Laurentian Bank of Canada from C$60.00 to C$54.00 and set an outperform rating on the stock in a report on Tuesday, August 22nd. Finally, National Bankshares decreased their price objective on shares of Laurentian Bank of Canada from C$51.00 to C$45.00 and set an outperform rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of C$41.25.
Laurentian Bank of Canada Stock Performance
Laurentian Bank of Canada (TSE:LB – Get Free Report) last posted its earnings results on Thursday, June 1st. The company reported C$1.16 earnings per share for the quarter, topping the consensus estimate of C$1.14 by C$0.02. Laurentian Bank of Canada had a net margin of 21.97% and a return on equity of 7.69%. The business had revenue of C$257.17 million for the quarter, compared to analyst estimates of C$261.70 million. On average, sell-side analysts predict that Laurentian Bank of Canada will post 5.0365535 earnings per share for the current year.
Laurentian Bank of Canada Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Monday, October 2nd will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend is Friday, September 29th. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently 40.52%.
Laurentian Bank of Canada Company Profile
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.
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