Desjardins Issues Pessimistic Estimate for TSE:LB Earnings

Laurentian Bank of Canada (TSE:LB) – Analysts at Desjardins cut their Q1 2025 earnings per share (EPS) estimates for shares of Laurentian Bank of Canada in a research note issued on Tuesday, February 4th. Desjardins analyst D. Young now expects that the company will post earnings of $0.76 per share for the quarter, down from their prior forecast of $0.77. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.84 per share. Desjardins also issued estimates for Laurentian Bank of Canada’s FY2026 earnings at $3.35 EPS.

Other equities analysts have also issued research reports about the company. Scotiabank raised their price objective on Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a report on Monday, December 9th. BMO Capital Markets raised their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Monday, December 9th. Raymond James boosted their price objective on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a “market perform” rating in a research note on Monday, December 9th. Jefferies Financial Group increased their price objective on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, National Bankshares lifted their target price on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the company an “underperform” rating in a report on Monday, December 9th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Laurentian Bank of Canada currently has an average rating of “Hold” and a consensus price target of C$28.67.

Laurentian Bank of Canada Trading Up 0.4 %

Shares of TSE:LB opened at C$27.82 on Thursday. The firm has a 50 day simple moving average of C$28.99 and a 200-day simple moving average of C$27.52. Laurentian Bank of Canada has a twelve month low of C$24.45 and a twelve month high of C$31.74. The company has a market capitalization of C$1.22 billion, a PE ratio of -44.87, a P/E/G ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, February 1st. Investors of record on Friday, January 3rd were given a $0.47 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.88 dividend on an annualized basis and a yield of 6.76%. Laurentian Bank of Canada’s payout ratio is currently -303.23%.

Laurentian Bank of Canada Company Profile

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.