Laurentian Bank of Canada (LB) Declares Quarterly Dividend of C$0.52
Laurentian Bank of Canada (TSE:LB) declared a quarterly dividend on Thursday, August 28th, American Banking & Market News reports. Shareholders of record on Wednesday, October 1st will be given a dividend of 0.52 per share on Saturday, November 1st. This represents a $2.08 dividend on an annualized basis and a yield of 4.03%.
A number of research firms have recently commented on LB. Analysts at Canaccord Genuity raised their price target on shares of Laurentian Bank of Canada from C$52.50 to C$55.00 in a research note on Thursday, August 21st. On the ratings front, analysts at Barclays raised their price target on shares of Laurentian Bank of Canada from C$50.00 to C$53.00 in a research note on Tuesday, August 19th. They now have an “underweight” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Laurentian Bank of Canada from C$51.00 to C$55.00 in a research note on Tuesday, August 12th. They now have a “positive” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$51.00.
Shares of Laurentian Bank of Canada (TSE:LB) opened at 51.59 on Thursday. Laurentian Bank of Canada has a 52 week low of $44.25 and a 52 week high of $51.92. The stock has a 50-day moving average of $51.01 and a 200-day moving average of $48.31. The company has a market cap of $1.483 billion and a price-to-earnings ratio of 12.87.
Laurentian Bank of Canada (TSE:LB) last announced its earnings results on Thursday, June 5th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.22 by $0.07. On average, analysts predict that Laurentian Bank of Canada will post $5.39 earnings per share for the current fiscal year.
Laurentian Bank of Canada (TSE:LB) is a Canada-based banking institution.
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