Laurentian Bank of Canada (TSE:LB) Hits New 52-Week High – Should You Buy?

Laurentian Bank of Canada (TSE:LB)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$40.49 and last traded at C$40.49, with a volume of 35545 shares trading hands. The stock had previously closed at C$40.42.

Laurentian Bank of Canada Stock Performance

The stock has a market capitalization of C$1.81 billion, a PE ratio of 130.55, a price-to-earnings-growth ratio of 0.76 and a beta of 1.24. The stock’s 50 day moving average is C$40.29 and its two-hundred day moving average is C$39.98.

Laurentian Bank of Canada (TSE:LB) last issued its quarterly earnings results on Friday, May 29th. The company reported C$0.46 earnings per share for the quarter. The firm had revenue of C$236.16 million for the quarter. Laurentian Bank of Canada had a net margin of 1.36% and a return on equity of 1.01%. Equities research analysts expect that Laurentian Bank of Canada will post 3.8414986 EPS for the current fiscal year.

Laurentian Bank of Canada Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, May 1st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Wednesday, April 1st. Laurentian Bank of Canada’s dividend payout ratio (DPR) is 606.45%.

Laurentian Bank of Canada Company Profile

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.