Cormark Has Weak Forecast for TSE:LB FY2025 Earnings

Laurentian Bank of Canada (TSE:LB) – Stock analysts at Cormark lowered their FY2025 EPS estimates for Laurentian Bank of Canada in a research report issued on Monday, December 9th. Cormark analyst L. Persaud now expects that the company will earn $3.66 per share for the year, down from their previous estimate of $3.79. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.84 per share. Cormark also issued estimates for Laurentian Bank of Canada’s FY2026 earnings at $4.05 EPS.

Other analysts also recently issued research reports about the company. CIBC boosted their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Tuesday, November 26th. Scotiabank upped their target price on Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the company a “sector perform” rating in a research report on Monday. Cibc World Mkts raised shares of Laurentian Bank of Canada to a “hold” rating in a research report on Wednesday, August 21st. National Bankshares upped their price objective 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. Finally, Jefferies Financial Group raised their target price on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, Laurentian Bank of Canada presently has a consensus rating of “Hold” and a consensus target price of C$28.67.

Laurentian Bank of Canada Stock Down 0.3 %

LB opened at C$30.27 on Wednesday. The company has a market cap of C$1.33 billion, a P/E ratio of -48.82, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The firm’s 50-day moving average price is C$27.71 and its 200-day moving average price is C$26.81. Laurentian Bank of Canada has a 52-week low of C$24.45 and a 52-week high of C$31.74.

Laurentian Bank of Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Friday, January 3rd will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.21%. Laurentian Bank of Canada’s payout ratio is currently -303.23%.

About Laurentian Bank of Canada

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.