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

Laurentian Bank of Canada (TSE:LB)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$40.20 and traded as high as C$40.35. Laurentian Bank of Canada shares last traded at C$40.35, with a volume of 192,150 shares trading hands.

Laurentian Bank of Canada Price Performance

The business has a 50 day moving average price of C$40.32 and a 200 day moving average price of C$40.20. The firm has a market capitalization of C$1.81 billion, a P/E ratio of 130.16, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20.

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

Laurentian Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, August 1st. Shareholders of record on Saturday, August 1st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 4.7%. The ex-dividend date is Tuesday, June 30th. Laurentian Bank of Canada’s dividend payout ratio (DPR) is currently 606.45%.

About Laurentian Bank of Canada

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.