Laurentian Bank of Canada (LRCDF) to Release Quarterly Earnings on Friday

Laurentian Bank of Canada (OTCMKTS:LRCDF) is projected to issue its results before the market opens on Friday, February 27th. Analysts expect the company to announce earnings of $0.5120 per share and revenue of $181.9060 million for the quarter.

Laurentian Bank of Canada Stock Performance

LRCDF stock remained flat at $29.29 during midday trading on Friday. The company’s stock had a trading volume of 35 shares, compared to its average volume of 1,833. Laurentian Bank of Canada has a 12 month low of $18.00 and a 12 month high of $29.61. The firm has a 50-day moving average price of $29.19 and a two-hundred day moving average price of $25.66.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LRCDF shares. BMO Capital Markets reissued a “market perform” rating on shares of Laurentian Bank of Canada in a research note on Monday, December 8th. Raymond James Financial lowered shares of Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research note on Friday, December 5th. Royal Bank Of Canada upgraded Laurentian Bank of Canada to a “sector perform” rating in a report on Friday, December 5th. Finally, Scotiabank restated a “sector perform” rating on shares of Laurentian Bank of Canada in a research report on Wednesday, December 3rd. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Laurentian Bank of Canada currently has an average rating of “Reduce”.

About Laurentian Bank of Canada

The Laurentian Bank of Canada (OTCMKTS:LRCDF) is headquartered in Quebec City and is one of Canada’s Schedule I banks. Established in 1846, the institution has grown from a regional savings bank into a diversified financial services provider. While its core footprint remains in Quebec, the bank also serves customers in other Canadian provinces through a network of branches, digital channels and broker partnerships.

Laurentian Bank’s personal banking division offers chequing and savings accounts, mortgages, lines of credit, credit cards and payment solutions.