Laurentian Bank of Canada (TSE:LB) Expected to Earn Q4 2024 Earnings of $0.95 Per Share

Laurentian Bank of Canada (TSE:LB) – Analysts at Raymond James reduced their Q4 2024 earnings estimates for shares of Laurentian Bank of Canada in a research note issued to investors on Tuesday, September 3rd. Raymond James analyst S. Boland now forecasts that the company will post earnings per share of $0.95 for the quarter, down from their previous estimate of $1.02. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.94 per share. Raymond James also issued estimates for Laurentian Bank of Canada’s Q3 2025 earnings at $0.96 EPS, Q4 2025 earnings at $1.04 EPS and FY2025 earnings at $3.84 EPS.

Several other research firms have also recently issued reports on LB. Cibc World Mkts upgraded shares of Laurentian Bank of Canada to a “hold” rating in a research note on Wednesday, August 21st. CIBC lowered their target price on shares of Laurentian Bank of Canada from C$30.00 to C$28.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 20th. Royal Bank of Canada lowered their target price on shares of Laurentian Bank of Canada from C$26.00 to C$25.00 and set an “underperform” rating on the stock in a research note on Monday, June 3rd. National Bankshares lowered their target price on shares of Laurentian Bank of Canada from C$27.00 to C$26.00 and set an “underperform” rating on the stock in a research note on Monday, June 3rd. Finally, Desjardins increased their target price on shares of Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the stock a “sell” rating in a research note on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the stock. According to MarketBeat.com, Laurentian Bank of Canada currently has a consensus rating of “Hold” and a consensus target price of C$27.42.

Laurentian Bank of Canada Stock Performance

The business has a 50 day simple moving average of C$26.29 and a 200 day simple moving average of C$26.59. The company has a market cap of C$1.16 billion, a P/E ratio of -94.96, a PEG ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a fifty-two week low of C$24.45 and a fifty-two week high of C$38.11.

Laurentian Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of ∞. The ex-dividend date is Tuesday, October 1st. Laurentian Bank of Canada’s dividend payout ratio (DPR) is currently -671.43%.

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.