Research Analysts Issue Forecasts for Laurentian Bank of Canada’s Q4 2018 Earnings (LB)

Laurentian Bank of Canada (TSE:LB) – Equities research analysts at National Bank Financial issued their Q4 2018 earnings estimates for shares of Laurentian Bank of Canada in a report issued on Monday. National Bank Financial analyst G. Dechaine anticipates that the company will earn $1.44 per share for the quarter. National Bank Financial has a “Sector Perform Market Weight” rating on the stock.

A number of other research analysts also recently weighed in on the company. Barclays dropped their price target on Laurentian Bank of Canada from C$59.00 to C$57.00 in a research note on Friday, February 16th. CSFB dropped their price target on Laurentian Bank of Canada from C$57.00 to C$55.00 in a research note on Friday, January 19th. Scotiabank dropped their price target on Laurentian Bank of Canada from C$64.00 to C$59.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 17th. Desjardins dropped their price target on Laurentian Bank of Canada from C$59.00 to C$57.00 in a research note on Tuesday, January 16th. Finally, CIBC dropped their price target on Laurentian Bank of Canada from C$66.00 to C$60.00 in a research note on Monday, December 11th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Laurentian Bank of Canada currently has an average rating of “Hold” and an average target price of C$58.90.

Laurentian Bank of Canada (LB) traded up C$0.34 during mid-day trading on Thursday, reaching C$52.57. The company had a trading volume of 51,760 shares, compared to its average volume of 296,128. Laurentian Bank of Canada has a fifty-two week low of C$51.26 and a fifty-two week high of C$62.90. The firm has a market cap of $2,180.00, a P/E ratio of 9.73 and a beta of 0.42.

Laurentian Bank of Canada (TSE:LB) last announced its quarterly earnings data on Tuesday, December 5th. The company reported C$1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.54 by C$0.09. The company had revenue of C$267.97 million for the quarter, compared to the consensus estimate of C$257.83 million. Laurentian Bank of Canada had a return on equity of 11.79% and a net margin of 21.88%.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Tuesday, January 2nd were issued a dividend of $0.63 per share. This is a positive change from Laurentian Bank of Canada’s previous quarterly dividend of $0.62. This represents a $2.52 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend was Friday, December 29th. Laurentian Bank of Canada’s payout ratio is currently 45.64%.

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Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.

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

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