Laurentian Bank of Canada Q3 2024 EPS Estimates Cut by National Bank Financial (TSE:LB)

Laurentian Bank of Canada (TSE:LB – Free Report) – Equities research analysts at National Bank Financial lowered their Q3 2024 earnings per share estimates for Laurentian Bank of Canada in a research report issued on Thursday, August 15th . National Bank Financial analyst G. Dechaine now anticipates that the company will post earnings of $0.81 per share for the quarter, down from their prior forecast of $0.83. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.99 per share. National Bank Financial also issued estimates for Laurentian Bank of Canada’s Q4 2024 earnings at $0.97 EPS, FY2024 earnings at $3.58 EPS and FY2025 earnings at $3.97 EPS.

Laurentian Bank of Canada (TSE:LB – Get Your Free Report ) last posted its earnings results on Friday, May 31st. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. The business had revenue of $252.59 million during the quarter, compared to the consensus estimate of $253.47 million. Laurentian Bank of Canada had a negative return on equity of 0.01% and a negative net margin of 0.04%.

A number of other brokerages have also recently weighed in on LB. Raymond James cut their price target on Laurentian Bank of Canada from $27.00 to $26.00 and set a “market perform” rating for the company in a report on Tuesday, June 4th. Royal Bank of Canada cut their price target on Laurentian Bank of Canada from $26.00 to $25.00 and set an “underperform” rating for the company in a report on Monday, June 3rd. Jefferies Financial Group cut their price target on Laurentian Bank of Canada from $28.00 to $26.00 and set a “hold” rating for the company in a report on Thursday, June 6th. Desjardins boosted their price objective on Laurentian Bank of Canada from $25.00 to $26.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Finally, National Bankshares reduced their price objective on Laurentian Bank of Canada from $27.00 to $26.00 and set an “underperform” rating for the company in a report on Monday, June 3rd. Three research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Laurentian Bank of Canada has a consensus rating of “Hold” and a consensus price target of $28.39, based on data from MarketBeat.com.

View our latest stock report on Laurentian Bank of Canada

Laurentian Bank of Canada stock performance

Shares of LB stock opened at $26.57 on Monday. The company has a market cap of $1.16 billion, a P/E ratio of -94.89, a PEG ratio of 0.76 and a beta of 1.25. The stock has a 50 day simple moving average of $26.16 and a two hundred day simple moving average of $26.57. Laurentian Bank of Canada has a fifty-two week low of $24.45 and a fifty-two week high of $39.73.

Laurentian Bank of Canada announces dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Thursday, August 1st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, July 2nd. This represents an annualized dividend of $1.88 and a yield of 7.08%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is currently -671.43%.

Laurentian Bank of Canada Company Profile

(Get a free report)

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 provides financial services such as financial advisory services to financial intermediaries; and operates a direct-to-customer digital platform for retail customers.

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