Laurentian Bank of Canada (TSE:LB) – Research analysts at Desjardins lowered their FY2018 EPS estimates for Laurentian Bank of Canada in a report released on Friday. Desjardins analyst D. Young now expects that the company will post earnings of $5.95 per share for the year, down from their previous estimate of $6.01. Desjardins also issued estimates for Laurentian Bank of Canada’s FY2019 earnings at $6.35 EPS.
A number of other analysts have also recently weighed in on LB. Barclays dropped their price target on Laurentian Bank of Canada from C$59.00 to C$57.00 in a research report on Friday. CSFB dropped their price target on Laurentian Bank of Canada from C$57.00 to C$55.00 in a research report on Friday, January 19th. National Bank Financial reiterated a “sector perform market weight” rating on shares of Laurentian Bank of Canada in a research report on Tuesday, January 16th. Scotiabank dropped their price target on Laurentian Bank of Canada from C$64.00 to C$59.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 17th. Finally, CIBC dropped their price target on Laurentian Bank of Canada from C$66.00 to C$60.00 in a research report on Monday, December 11th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of C$58.90.
Laurentian Bank of Canada (TSE LB) traded down C$0.04 during trading hours on Monday, reaching C$51.83. The company’s stock had a trading volume of 45,617 shares, compared to its average volume of 302,499. Laurentian Bank of Canada has a 52 week low of C$51.26 and a 52 week high of C$62.90. The company has a market cap of $2,160.00, a P/E ratio of 9.62 and a beta of 0.42.
Laurentian Bank of Canada (TSE:LB) last released its earnings results on Tuesday, December 5th. The company reported C$1.63 EPS for the quarter, topping analysts’ consensus estimates of C$1.54 by C$0.09. Laurentian Bank of Canada had a return on equity of 11.79% and a net margin of 21.88%. The company had revenue of C$267.97 million for the quarter, compared to the consensus estimate of C$257.83 million.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Tuesday, January 2nd were given a $0.63 dividend. This is a boost from Laurentian Bank of Canada’s previous quarterly dividend of $0.62. This represents a $2.52 annualized dividend and a yield of 4.86%. The ex-dividend date was Friday, December 29th. Laurentian Bank of Canada’s dividend payout ratio (DPR) is currently 45.64%.
About Laurentian Bank of Canada
Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.
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