Laurentian Bank of Canada (TSE:LB) Given Consensus Recommendation of “Reduce” by Brokerages

Laurentian Bank of Canada (TSE:LB) has been given a consensus recommendation of “Reduce” by the seven brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$32.21.

LB has been the subject of several research analyst reports. Desjardins upped their price target on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “sell” rating in a research note on Wednesday, August 13th. Jefferies Financial Group boosted their target price on Laurentian Bank of Canada from C$29.00 to C$31.00 in a report on Wednesday, August 13th. Scotiabank set a C$33.00 price target on shares of Laurentian Bank of Canada and gave the company a “sector perform” rating in a report on Tuesday, November 25th. National Bankshares reduced their price target on shares of Laurentian Bank of Canada from C$27.00 to C$26.00 and set an “underperform” rating on the stock in a research report on Tuesday, September 2nd. Finally, Raymond James Financial increased their price objective on shares of Laurentian Bank of Canada from C$30.00 to C$40.50 in a research report on Wednesday.

Laurentian Bank of Canada Stock Down 0.1%

Shares of LB opened at C$39.86 on Friday. Laurentian Bank of Canada has a fifty-two week low of C$24.37 and a fifty-two week high of C$40.01. The company’s fifty day moving average is C$33.37 and its two-hundred day moving average is C$31.77. The firm has a market cap of C$1.77 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 0.76 and a beta of 1.44.

Laurentian Bank of Canada (TSE:LB) last released its quarterly earnings data on Friday, December 5th. The company reported C$0.73 EPS for the quarter. The business had revenue of C$244.71 million during the quarter. Laurentian Bank of Canada had a negative return on equity of 0.20% and a negative net margin of 0.30%. As a group, equities research analysts anticipate that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current year.

Laurentian Bank of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, November 1st. Investors of record on Saturday, November 1st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Wednesday, October 1st. Laurentian Bank of Canada’s dividend payout ratio is 61.64%.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.