Laurentian Bank of Canada (LB) is due to announce earnings on Friday

Laurentian Bank of Canada (TSE:LB – Get Your Free Report ) is scheduled to release its quarterly earnings data before the market opens on Friday, August 30th. Analysts expect the company to post earnings of $0.85 per share for the quarter.

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 firm had revenue of $252.59 million for the quarter, compared to the consensus estimate of $253.47 million. Laurentian Bank of Canada had a negative net margin of 0.04% and a negative return on equity of 0.01%.

Laurentian Bank of Canada trades down 0.3%

Shares of LB stock opened at $26.30 on Friday. The firm has a fifty day simple moving average of $26.20 and a two hundred day simple moving average of $26.57. The firm has a market cap of $1.15 billion, a PE ratio of -94.11, a P/E/G ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 1 year low of $24.45 and a 1 year high of $39.37.

Laurentian Bank of Canada announces dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Thursday, August 1st were issued a $0.47 dividend. This represents a dividend of $1.88 on an annualized basis and a dividend yield of 7.15%. The ex-dividend date was Tuesday, July 2nd. Laurentian Bank of Canada’s payout ratio is currently -671.43%.

Changes in Analyst Ratings

LB has been the subject of several analyst reports. National Bankshares cut their price objective on shares of Laurentian Bank of Canada from $27.00 to $26.00 and set an “underperform” rating for the company in a research report on Monday, June 3rd. CIBC cut their price target on shares of Laurentian Bank of Canada from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Tuesday. Raymond James decreased their price target on shares of Laurentian Bank of Canada from $27.00 to $26.00 and set a “market perform” rating on the stock in a research report on Tuesday, June 4th. Desjardins lifted their price objective on shares of Laurentian Bank of Canada from $25.00 to $26.00 and gave the stock a “sell” rating in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada cut their price target on shares of Laurentian Bank of Canada from $26.00 to $25.00 and set an “underperform” rating for the company in a report on Monday, 3 June. Three research analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. Laurentian Bank of Canada currently has a consensus rating of “Hold” and a consensus price target of $28.24, according to MarketBeat .

Read our latest report on Laurentian Bank of Canada

About Laurentian Bank of Canada

(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.

Further reading

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