Laurentian Bank of Canada (TSE:LB) Issues Quarterly Earnings Results

Laurentian Bank of Canada (TSE:LB) issued its quarterly earnings data on Friday. The company reported C$0.51 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$241.73 million for the quarter. Laurentian Bank of Canada had a return on equity of 1.01% and a net margin of 1.36%.

Laurentian Bank of Canada Stock Performance

LB stock opened at C$40.31 on Friday. The stock has a market cap of C$1.81 billion, a PE ratio of 130.03, a P/E/G ratio of 0.76 and a beta of 1.16. Laurentian Bank of Canada has a 12 month low of C$29.51 and a 12 month high of C$40.78. The company has a 50-day moving average price of C$40.29 and a 200 day moving average price of C$40.26.

Laurentian Bank of Canada Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, August 1st. Investors of record on Saturday, August 1st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.7%. Laurentian Bank of Canada’s payout ratio is currently 606.45%.

Wall Street Analyst Weigh In

Separately, Desjardins set a C$40.50 target price on Laurentian Bank of Canada and gave the stock a “tender” rating in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of C$37.29.

About Laurentian Bank of Canada

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.