Laurentian Bank of Canada (TSE:LB) Reaches New 12-Month High – Here’s Why

Laurentian Bank of Canada (TSE:LB) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$40.49 and last traded at C$40.42, with a volume of 53694 shares changing hands. The stock had previously closed at C$40.47.

Laurentian Bank of Canada Trading Down 0.2%

The company has a 50-day simple moving average of C$40.31 and a 200 day simple moving average of C$40.17. The company has a market cap of C$1.81 billion, a P/E ratio of 130.32, a P/E/G ratio of 0.76 and a beta of 1.24.

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

Laurentian Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, August 1st. Investors of record on Saturday, August 1st will be issued a dividend of $0.47 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 4.7%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently 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.