Laurentian Bank of Canada (TSE:LB) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Laurentian Bank of Canada (TSE:LB)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$40.20 and traded as high as C$40.35. Laurentian Bank of Canada shares last traded at C$40.35, with a volume of 192,150 shares traded.

Laurentian Bank of Canada Price Performance

The firm has a market cap of C$1.81 billion, a price-to-earnings ratio of 130.16, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. The stock’s fifty day moving average price is C$40.32 and its 200-day moving average price is C$40.20.

Laurentian Bank of Canada (TSE:LB) last posted its quarterly earnings data on Friday, May 29th. The company reported C$0.46 EPS for the quarter. The firm had revenue of C$236.16 million during the quarter. Laurentian Bank of Canada had a net margin of 1.36% and a return on equity of 1.01%. As a group, equities research analysts predict that Laurentian Bank of Canada will post 3.8414986 EPS for the current fiscal year.

Laurentian Bank of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, August 1st. Investors of record on Saturday, August 1st will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Laurentian Bank of Canada’s payout ratio is presently 606.45%.

Laurentian Bank of Canada Company Profile

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.