Cormark Issues Pessimistic Forecast for TSE:LB Earnings

Laurentian Bank of Canada (TSE:LB) – Analysts at Cormark lowered their FY2025 earnings per share (EPS) estimates for shares of Laurentian Bank of Canada in a research report issued to clients and investors on Monday, December 9th. Cormark analyst L. Persaud now expects that the company will post earnings per share of $3.66 for the year, down from their previous forecast of $3.79. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.84 per share. Cormark also issued estimates for Laurentian Bank of Canada’s FY2026 earnings at $4.05 EPS.

LB has been the subject of several other reports. Raymond James increased their price objective on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a “market perform” rating in a report on Monday. Jefferies Financial Group lifted their price target on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a “hold” rating in a research report on Monday. National Bankshares lifted their price target on Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a research note on Monday. Scotiabank lifted their price target on Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a research note on Monday. Finally, BMO Capital Markets lifted their price objective on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Monday. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$28.67.

Laurentian Bank of Canada Stock Down 0.1 %

TSE LB opened at C$30.36 on Wednesday. The business has a 50 day moving average price of C$27.63 and a 200-day moving average price of C$26.79. Laurentian Bank of Canada has a 52 week low of C$24.45 and a 52 week high of C$31.74. The company has a market cap of C$1.33 billion, a price-to-earnings ratio of -48.97, a P/E/G ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Friday, January 3rd will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.19%. Laurentian Bank of Canada’s payout ratio is currently -303.23%.

About Laurentian Bank of Canada

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.