Laurentian Bank of Canada (TSE:LB) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Laurentian Bank of Canada (TSE:LB) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$40.20 and traded as low as C$40.18. Laurentian Bank of Canada shares last traded at C$40.22, with a volume of 120,351 shares trading hands.

Laurentian Bank of Canada Stock Performance

The company has a market capitalization of C$1.80 billion, a P/E ratio of 129.74, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. The business has a 50 day moving average of C$40.33 and a 200-day moving average of C$40.20.

Laurentian Bank of Canada (TSE:LB) last issued its earnings results on Friday, May 29th. The company reported C$0.46 EPS 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%. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Saturday, August 1st. Stockholders of record on Saturday, August 1st will be given 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 is Tuesday, June 30th. Laurentian Bank of Canada’s dividend payout ratio (DPR) 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.