Laurentian Bank of Canada (TSE:LB) – Stock analysts at Desjardins reduced their Q3 2019 earnings per share (EPS) estimates for shares of Laurentian Bank of Canada in a report issued on Tuesday, August 6th. Desjardins analyst D. Young now forecasts that the company will earn $1.16 per share for the quarter, down from their prior forecast of $1.17. Desjardins also issued estimates for Laurentian Bank of Canada’s FY2019 earnings at $4.40 EPS and FY2020 earnings at $5.06 EPS.
Laurentian Bank of Canada (TSE:LB) last released its quarterly earnings results on Thursday, May 30th. The company reported C$1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.06 by C$0.02. The firm had revenue of C$239.88 million for the quarter, compared to analysts’ expectations of C$250.40 million.
LB stock opened at C$45.16 on Thursday. The stock has a market cap of $1.90 billion and a price-to-earnings ratio of 10.78. The firm’s 50 day moving average price is C$45.12. Laurentian Bank of Canada has a one year low of C$36.21 and a one year high of C$48.41.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Tuesday, July 2nd were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 5.85%. The ex-dividend date was Friday, June 28th. This is an increase from Laurentian Bank of Canada’s previous quarterly dividend of $0.65. Laurentian Bank of Canada’s dividend payout ratio (DPR) is 61.59%.
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 solutions.
Recommended Story: Put Option
Receive News & Ratings for Laurentian Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laurentian Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.