Laurentian Bank of Canada (TSE:LB – Get Rating) – Analysts at Cormark cut their Q2 2023 earnings estimates for Laurentian Bank of Canada in a research report issued to clients and investors on Tuesday, May 23rd. Cormark analyst L. Persaud now expects that the company will earn $1.15 per share for the quarter, down from their previous estimate of $1.16. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $4.74 per share. Cormark also issued estimates for Laurentian Bank of Canada’s FY2023 earnings at $4.83 EPS and FY2024 earnings at $5.10 EPS.
Laurentian Bank of Canada (TSE:LB – Get Rating) last released its quarterly earnings data on Tuesday, February 28th. The company reported C$1.15 earnings per share for the quarter, topping the consensus estimate of C$1.12 by C$0.03. The firm had revenue of C$260.07 million for the quarter, compared to the consensus estimate of C$259.00 million. Laurentian Bank of Canada had a net margin of 22.90% and a return on equity of 8.15%.
Laurentian Bank of Canada Price Performance
Shares of LB stock opened at C$30.33 on Wednesday. The firm has a 50-day moving average of C$31.53 and a 200-day moving average of C$32.94. The company has a market cap of C$1.32 billion, a P/E ratio of 6.28, a P/E/G ratio of 0.76 and a beta of 1.15. Laurentian Bank of Canada has a one year low of C$28.23 and a one year high of C$43.32.
Laurentian Bank of Canada Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 1st. Stockholders of record on Monday, May 1st were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, March 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 6.07%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is currently 38.10%.
Laurentian Bank of Canada Company Profile
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.
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