Laurentian Bank of Canada (TSE:LB) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Laurentian Bank of Canada (TSE:LB)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$40.17 and traded as high as C$40.47. Laurentian Bank of Canada shares last traded at C$40.47, with a volume of 93,008 shares traded.

Laurentian Bank of Canada Stock Up 0.4%

The stock has a market cap of C$1.81 billion, a P/E ratio of 130.55, a price-to-earnings-growth ratio of 0.76 and a beta of 1.24. The firm’s 50 day simple moving average is C$40.31 and its two-hundred day simple moving average is C$40.17.

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

Laurentian Bank of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, August 1st. Investors of record on Saturday, August 1st will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.88 annualized dividend and a yield of 4.6%. Laurentian Bank of Canada’s dividend 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.