Laurentian Bank of Canada (TSE:LB) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Laurentian Bank of Canada (TSE:LB)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$40.25 and traded as high as C$40.40. Laurentian Bank of Canada shares last traded at C$40.40, with a volume of 81,347 shares traded.

Analysts Set New Price Targets

Separately, Desjardins set a C$40.50 price target on Laurentian Bank of Canada and gave the company a “tender” rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Laurentian Bank of Canada has a consensus rating of “Reduce” and a consensus price target of C$37.29.

Laurentian Bank of Canada Stock Performance

The stock has a market cap of C$1.81 billion, a price-to-earnings ratio of 130.32, a P/E/G ratio of 0.76 and a beta of 1.16. The stock’s 50-day moving average price is C$40.30 and its 200-day moving average price is C$40.25.

Laurentian Bank of Canada (TSE:LB) last posted its quarterly earnings data on Friday, May 29th. The company reported C$0.46 earnings per share for the quarter. The company 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, analysts predict that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current year.

Laurentian Bank of Canada Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, August 1st. Stockholders of record on Saturday, August 1st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Laurentian Bank of Canada’s payout ratio is currently 606.45%.

About Laurentian Bank of Canada

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.