Laurentian Bank of Canada (TSE:LB) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Laurentian Bank of Canada (TSE:LB)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$39.71 and traded as high as C$40.34. Laurentian Bank of Canada shares last traded at C$40.34, with a volume of 206,428 shares traded.

Wall Street Analysts Forecast Growth

Separately, Desjardins dropped their price target on Laurentian Bank of Canada from C$50.00 to C$40.00 and set a “tender” rating on the stock in a report on Monday, February 9th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Laurentian Bank of Canada currently has a consensus rating of “Reduce” and a consensus target price of C$36.44.

Laurentian Bank of Canada Stock Up 0.1%

The stock has a 50-day simple moving average of C$40.27 and a 200-day simple moving average of C$39.71. The firm has a market capitalization of C$1.81 billion, a PE ratio of 130.13, 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 (EPS) for the quarter. Laurentian Bank of Canada had a return on equity of 1.01% and a net margin of 1.36%.The business had revenue of C$236.16 million during the quarter. Equities analysts forecast that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current fiscal year.

Laurentian Bank of Canada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, May 1st were given a $0.47 dividend. 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, April 1st. Laurentian Bank of Canada’s dividend payout ratio (DPR) is currently 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.