Laurentian Bank of Canada (LB) To Go Ex-Dividend on March 7th

Laurentian Bank of Canada (TSE:LB) declared a quarterly dividend on Friday, March 7th, TickerTech Dividends reports. Shareholders of record on Saturday, March 15th will be given a dividend of 0.47 per share on Saturday, March 15th. This represents a $1.88 annualized dividend and a dividend yield of 7.04%. The ex-dividend date of this dividend is Friday, March 7th.

Laurentian Bank of Canada Stock Up 0.2 %

TSE LB traded up C$0.06 during trading hours on Wednesday, hitting C$26.71. 44,845 shares of the company were exchanged, compared to its average volume of 193,432. The firm has a market cap of C$1.18 billion, a price-to-earnings ratio of -213.03, a PEG ratio of 0.76 and a beta of 1.25. The company has a 50 day moving average of C$28.26 and a two-hundred day moving average of C$27.70. Laurentian Bank of Canada has a 52-week low of C$24.45 and a 52-week high of C$31.74.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LB shares. Jefferies Financial Group lifted their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. CIBC lifted their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Tuesday, November 26th. Raymond James dropped their price target on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday. Scotiabank cut their price objective on shares of Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating on the stock in a report on Thursday, February 20th. Finally, BMO Capital Markets dropped their target price on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research report on Monday. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$28.00.

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.