Laurentian Bank of Canada (TSE:LB) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Laurentian Bank of Canada (TSE:LB)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$40.20 and traded as high as C$40.26. Laurentian Bank of Canada shares last traded at C$40.26, with a volume of 121,396 shares trading hands.

Laurentian Bank of Canada Stock Up 0.2%

The business’s 50 day moving average is C$40.32 and its two-hundred day moving average is C$40.20. The firm has a market cap of C$1.80 billion, a P/E ratio of 129.87, a P/E/G ratio of 0.76 and a beta of 1.20.

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 net margin of 1.36% and a return on equity of 1.01%. The business had revenue of C$236.16 million for the quarter. Equities research analysts anticipate 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. Stockholders of record on Saturday, August 1st will be paid 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 of this dividend is Tuesday, June 30th. Laurentian Bank of Canada’s payout ratio 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.