Laurentian Bank of Canada (TSE:LB) has received a consensus rating of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$49.73.
Several research firms have recently issued reports on LB. National Bank Financial dropped their price objective on shares of Laurentian Bank of Canada from C$48.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Wednesday, September 5th. Royal Bank of Canada lifted their target price on shares of Laurentian Bank of Canada from C$55.00 to C$56.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 5th. BMO Capital Markets lowered shares of Laurentian Bank of Canada from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$57.00 to C$50.00 in a research report on Wednesday, September 5th. TD Securities decreased their target price on shares of Laurentian Bank of Canada from C$55.00 to C$51.00 and set a “buy” rating on the stock in a research report on Wednesday, September 5th. Finally, Cormark decreased their target price on shares of Laurentian Bank of Canada from C$53.00 to C$45.00 in a research report on Wednesday, September 5th.
In other news, insider William James Alexander Mason purchased 2,000 shares of Laurentian Bank of Canada stock in a transaction on Friday, September 7th. The shares were purchased at an average cost of C$42.50 per share, for a total transaction of C$85,000.00.
Laurentian Bank of Canada (TSE:LB) last posted its quarterly earnings data on Tuesday, September 4th. The company reported C$1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.47 by C($0.13). The firm had revenue of C$260.66 million for the quarter, compared to the consensus estimate of C$267.51 million. Analysts expect that Laurentian Bank of Canada will post 5.33248936490214 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 1st. Stockholders of record on Monday, October 1st were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Friday, September 28th. This represents a $2.56 annualized dividend and a dividend yield of 6.04%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is currently 46.79%.
About Laurentian Bank of Canada
Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance and leasing solutions.
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