Laurentian Bank of Canada (TSE:LB) Stock Price Passes Above Two Hundred Day Moving Average of $26.67

Laurentian Bank of Canada (TSE:LB)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$26.67 and traded as high as C$26.74. Laurentian Bank of Canada shares last traded at C$25.98, with a volume of 259,356 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently commented on LB. National Bankshares decreased their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$26.00 and set an “underperform” rating on the stock in a research report on Monday, June 3rd. Royal Bank of Canada cut their target price on shares of Laurentian Bank of Canada from C$26.00 to C$25.00 and set an “underperform” rating for the company in a research note on Monday, June 3rd. Desjardins cut their target price on shares of Laurentian Bank of Canada from C$26.00 to C$25.00 and set a “sell” rating for the company in a research note on Tuesday, June 4th. CIBC cut their target price on shares of Laurentian Bank of Canada from C$33.00 to C$30.00 and set a “neutral” rating for the company in a research note on Monday, June 3rd. Finally, Raymond James cut their target price on shares of Laurentian Bank of Canada from C$27.00 to C$26.00 and set a “market perform” rating for the company in a research note on Tuesday, June 4th. Three equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$28.31.

Laurentian Bank of Canada Trading Down 1.7 %

The stock’s 50 day moving average price is C$26.16 and its 200 day moving average price is C$26.66. The company has a market cap of C$1.12 billion, a price-to-earnings ratio of 7.19, a P/E/G ratio of 0.76 and a beta of 1.28.

Laurentian Bank of Canada (TSE:LB) last posted its quarterly earnings data on Friday, May 31st. The company reported C$0.90 EPS for the quarter, beating analysts’ consensus estimates of C$0.84 by C$0.06. The company had revenue of C$252.59 million during the quarter, compared to the consensus estimate of C$253.47 million. Laurentian Bank of Canada had a net margin of 17.33% and a return on equity of 5.84%. On average, equities analysts expect that Laurentian Bank of Canada will post 3.7793103 earnings per share for the current fiscal year.

Laurentian Bank of Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Thursday, August 1st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date was Tuesday, July 2nd. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently 52.96%.

About Laurentian Bank of Canada

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.