Laurentian Bank of Canada (TSE:LB – Get Rating) – Investment analysts at Cormark decreased their FY2022 earnings per share estimates for shares of Laurentian Bank of Canada in a research note issued to investors on Tuesday, November 22nd. Cormark analyst L. Persaud now anticipates that the company will earn $5.12 per share for the year, down from their previous estimate of $5.19. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $5.04 per share. Cormark also issued estimates for Laurentian Bank of Canada’s Q4 2022 earnings at $1.24 EPS and FY2023 earnings at $5.16 EPS.
LB has been the topic of several other research reports. National Bankshares dropped their price target on Laurentian Bank of Canada from C$51.00 to C$46.00 in a report on Friday, November 18th. Keefe, Bruyette & Woods lowered their price target on shares of Laurentian Bank of Canada from C$40.00 to C$38.00 in a report on Friday, November 18th. CSFB lowered their price target on shares of Laurentian Bank of Canada from C$39.00 to C$33.00 in a report on Tuesday. TD Securities upgraded shares of Laurentian Bank of Canada from a “hold” rating to a “buy” rating and set a C$41.00 price objective for the company in a report on Tuesday, November 15th. Finally, Scotiabank decreased their price target on shares of Laurentian Bank of Canada from C$43.00 to C$37.00 in a report on Tuesday. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Laurentian Bank of Canada has an average rating of “Hold” and a consensus target price of C$40.40.
Laurentian Bank of Canada Price Performance
Laurentian Bank of Canada (TSE:LB – Get Rating) last issued its earnings results on Wednesday, August 31st. The company reported C$1.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$1.24. The business had revenue of C$259.95 million during the quarter, compared to the consensus estimate of C$265.09 million.
Laurentian Bank of Canada Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Tuesday, November 1st were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend was Thursday, September 29th. Laurentian Bank of Canada’s dividend payout ratio (DPR) is presently 134.11%.
Insider Buying and Selling
In other Laurentian Bank of Canada news, Director Nicholas Zelenczuk purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The stock was purchased at an average price of C$33.79 per share, with a total value of C$33,789.50. Following the completion of the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at approximately C$135,158.
Laurentian Bank of Canada Company Profile
Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The company offers notice, demand, and term deposits; commercial, residential mortgage, and personal loans; real estate, and equipment and inventory financing; and credit life and disability insurance products.
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