Laurentian Bank of Canada (TSE:LB) Hits New 1-Year High – What’s Next?

Laurentian Bank of Canada (TSE:LB)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$40.34 and last traded at C$40.30, with a volume of 22027 shares changing hands. The stock had previously closed at C$40.25.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LB shares. National Bankshares decreased their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$26.00 and set an “underperform” rating for the company in a report on Tuesday, September 2nd. BMO Capital Markets upped their price target on Laurentian Bank of Canada from C$31.00 to C$40.50 in a report on Monday, December 8th. Royal Bank Of Canada raised Laurentian Bank of Canada from a “strong sell” rating to a “hold” rating and increased their price objective for the company from C$25.00 to C$40.00 in a research report on Monday, December 8th. Scotiabank set a C$33.00 target price on Laurentian Bank of Canada and gave the stock a “sector perform” rating in a research report on Tuesday, November 25th. Finally, Raymond James Financial downgraded shares of Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a report on Monday, December 8th. Two research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Laurentian Bank of Canada presently has an average rating of “Strong Sell” and a consensus price target of C$35.19.

Laurentian Bank of Canada Price Performance

The stock’s fifty day simple moving average is C$35.65 and its 200-day simple moving average is C$32.91. The firm has a market cap of C$1.80 billion, a PE ratio of 14.19, a PEG ratio of 0.76 and a beta of 1.44.

Laurentian Bank of Canada (TSE:LB) last released its earnings results on Friday, December 5th. The company reported C$0.73 earnings per share (EPS) for the quarter. The firm had revenue of C$244.71 million for the quarter. Laurentian Bank of Canada had a negative return on equity of 0.20% and a negative net margin of 0.30%. Analysts expect that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current year.

Laurentian Bank of Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, November 1st. Stockholders of record on Saturday, November 1st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Wednesday, October 1st. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently 66.20%.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients. The business services segment provides financial services, commercial banking, real estate financing, and equipment and inventory financing to business clients.