Laurentian Bank of Canada (LB) Expected to Post Q2 2019 Earnings of $1.29 Per Share
Laurentian Bank of Canada (TSE:LB) – Stock analysts at National Bank Financial issued their Q2 2019 earnings per share (EPS) estimates for Laurentian Bank of Canada in a research note issued to investors on Monday, November 19th. National Bank Financial analyst G. Dechaine anticipates that the company will post earnings per share of $1.29 for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $45.00 target price on the stock. National Bank Financial also issued estimates for Laurentian Bank of Canada’s FY2020 earnings at $5.83 EPS.
A number of other equities research analysts also recently issued reports on the stock. TD Securities reduced their price objective on shares of Laurentian Bank of Canada from C$55.00 to C$51.00 and set a “buy” rating on the stock in a research note on Wednesday, September 5th. BMO Capital Markets cut shares of Laurentian Bank of Canada from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$57.00 to C$50.00 in a report on Wednesday, September 5th. Cormark dropped their target price on shares of Laurentian Bank of Canada from C$53.00 to C$45.00 in a report on Wednesday, September 5th. Barclays dropped their target price on shares of Laurentian Bank of Canada from C$52.00 to C$49.00 in a report on Wednesday, September 5th. Finally, CIBC dropped their target price on shares of Laurentian Bank of Canada from C$49.00 to C$47.00 in a report on Wednesday, September 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Laurentian Bank of Canada has a consensus rating of “Hold” and an average price target of C$50.91.
Laurentian Bank of Canada (TSE:LB) last announced its quarterly earnings data on Tuesday, September 4th. The company reported C$1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.47 by C($0.13). The business had revenue of C$260.66 million for the quarter, compared to analysts’ expectations of C$267.51 million.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Monday, October 1st were issued a $0.64 dividend. The ex-dividend date of this dividend was Friday, September 28th. This represents a $2.56 dividend on an annualized basis and a yield of 6.09%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently 46.79%.
In other Laurentian Bank of Canada news, insider William James Alexander Mason acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was acquired at an average price of C$42.50 per share, for a total transaction of C$85,000.00.
About Laurentian Bank of Canada
Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance and leasing solutions.
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