Laurentian Bank of Canada (TSE:LB) Shares Cross Above 200 Day Moving Average – What’s Next?

Laurentian Bank of Canada (TSE:LB)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$40.20 and traded as high as C$40.26. Laurentian Bank of Canada shares last traded at C$40.26, with a volume of 121,396 shares traded.

Laurentian Bank of Canada Trading Up 0.2%

The firm’s 50-day moving average price is C$40.32 and its 200 day moving average price is C$40.20. The company has a market cap of C$1.80 billion, a price-to-earnings ratio of 129.87, a P/E/G ratio of 0.76 and a beta of 1.20.

Laurentian Bank of Canada (TSE:LB) last released its earnings results on Friday, May 29th. The company reported C$0.46 earnings per share (EPS) for the quarter. The company had revenue of C$236.16 million for the quarter. Laurentian Bank of Canada had a net margin of 1.36% and a return on equity of 1.01%. Analysts forecast that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current fiscal year.

Laurentian Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, August 1st. Shareholders of record on Saturday, August 1st will be paid a $0.47 dividend. 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 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.