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.
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