Q4 Earnings Estimate for TSE:LB Issued By Cormark

Laurentian Bank of Canada (TSE:LB) – Stock analysts at Cormark issued their Q4 2024 EPS estimates for Laurentian Bank of Canada in a research report issued on Monday, November 25th. Cormark analyst L. Persaud anticipates that the company will post earnings of $0.86 per share for the quarter. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.84 per share.

Other research analysts have also recently issued research reports about the stock. CIBC upped their target price on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Tuesday. Raymond James lifted their target price on Laurentian Bank of Canada from C$26.00 to C$27.00 in a research report on Wednesday, September 4th. Desjardins upped their target price on Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. BMO Capital Markets lifted their price target on Laurentian Bank of Canada from C$27.00 to C$28.00 in a research report on Monday, November 18th. Finally, Cibc World Mkts raised Laurentian Bank of Canada to a “hold” rating in a report on Wednesday, August 21st. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, Laurentian Bank of Canada presently has an average rating of “Hold” and an average price target of C$27.10.

Laurentian Bank of Canada Stock Up 0.3 %

Shares of LB opened at C$29.39 on Wednesday. The company has a market capitalization of C$1.29 billion, a price-to-earnings ratio of -47.15, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 52-week low of C$24.45 and a 52-week high of C$29.55. The stock has a 50 day moving average price of C$27.13 and a 200 day moving average price of C$26.61.

Laurentian Bank of Canada (TSE:LB) last released its quarterly earnings data on Friday, August 30th. The company reported C$0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.85 by C$0.03. Laurentian Bank of Canada had a negative return on equity of 0.55% and a negative net margin of 1.64%. The business had revenue of C$256.50 million during the quarter, compared to analysts’ expectations of C$257.90 million.

Laurentian Bank of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.88 annualized dividend and a yield of 6.40%. Laurentian Bank of Canada’s dividend 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.