What is Cormark’s Estimate for TSE:LB FY2025 Earnings?

Laurentian Bank of Canada (TSE:LB) – Equities researchers at Cormark decreased their FY2025 earnings per share estimates for Laurentian Bank of Canada in a report released on Monday, June 2nd. Cormark analyst L. Persaud now anticipates that the company will earn $3.16 per share for the year, down from their prior forecast of $3.36. 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 $3.57 EPS.

Other research analysts have also issued research reports about the stock. National Bankshares boosted their target price on shares of Laurentian Bank of Canada from C$25.00 to C$28.00 and gave the stock an “underperform” rating in a research report on Tuesday. Jefferies Financial Group cut their target price on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday, April 21st. Scotiabank boosted their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$32.00 and gave the stock a “sector perform” rating in a report on Tuesday. CIBC upped their price target on Laurentian Bank of Canada from C$28.00 to C$33.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Raymond James lifted their price objective on Laurentian Bank of Canada from C$27.00 to C$28.00 and gave the stock a “market perform” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$29.57.

Laurentian Bank of Canada Stock Down 0.7%

TSE:LB opened at C$30.14 on Tuesday. The company’s 50 day moving average is C$27.26 and its 200-day moving average is C$27.93. Laurentian Bank of Canada has a 12 month low of C$24.37 and a 12 month high of C$31.74. The firm has a market cap of C$1.33 billion, a price-to-earnings ratio of -240.39, 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 was paid on Thursday, May 1st. Investors of record on Thursday, May 1st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, April 1st. This represents a $1.88 annualized dividend and a dividend yield of 6.24%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently -1,499.45%.

About Laurentian Bank of Canada

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.