Laurentian Bank of Canada to Post Q4 2024 Earnings of $0.91 Per Share, Desjardins Forecasts (TSE:LB)

Laurentian Bank of Canada (TSE:LBFree Report) – Stock analysts at Desjardins reduced their Q4 2024 earnings estimates for Laurentian Bank of Canada in a research note issued on Monday, June 3rd. Desjardins analyst D. Young now expects that the company will post earnings per share of $0.91 for the quarter, down from their previous estimate of $0.99. Desjardins currently has a “Sell” rating and a $25.00 target price on the stock. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.78 per share.

LB has been the subject of a number of other reports. Royal Bank of Canada dropped their target price on shares of Laurentian Bank of Canada from C$26.00 to C$25.00 and set an “underperform” rating for the company in a report on Monday. Raymond James cut their price objective on Laurentian Bank of Canada from C$27.00 to C$26.00 and set a “market perform” rating on the stock in a research report on Tuesday. CIBC dropped their price target on Laurentian Bank of Canada from C$33.00 to C$30.00 and set a “neutral” rating for the company in a research note on Monday. Cormark cut their price target on shares of Laurentian Bank of Canada from C$28.00 to C$26.00 in a report on Friday, March 1st. Finally, National Bankshares decreased their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$26.00 and set an “underperform” rating for the company in a report on Monday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$28.47.

View Our Latest Stock Analysis on Laurentian Bank of Canada

Laurentian Bank of Canada Stock Down 0.4 %

Shares of Laurentian Bank of Canada stock opened at C$25.36 on Wednesday. The company’s fifty day simple moving average is C$26.65 and its two-hundred day simple moving average is C$26.75. Laurentian Bank of Canada has a 12-month low of C$24.81 and a 12-month high of C$48.23. The firm has a market cap of C$1.11 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 0.76 and a beta of 1.28.

Laurentian Bank of Canada Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Tuesday, July 2nd will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 7.41%. The ex-dividend date is Tuesday, July 2nd. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently 52.96%.

Laurentian Bank of Canada Company Profile

(Get Free Report)

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

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