Laurentian Bank of Canada (LB.TO) (TSE:LB) Plans Quarterly Dividend of $0.40

Laurentian Bank of Canada (LB.TO) (TSE:LB) declared a quarterly dividend on Thursday, December 31st, TickerTech reports. Investors of record on Monday, February 1st will be paid a dividend of 0.40 per share on Monday, February 1st. This represents a $1.60 annualized dividend and a dividend yield of 5.10%. The ex-dividend date is Thursday, December 31st.

Shares of Laurentian Bank of Canada (LB.TO) stock traded up C$0.06 during midday trading on Wednesday, hitting C$31.40. The company had a trading volume of 230,697 shares, compared to its average volume of 309,610. The stock has a market cap of C$1.36 billion and a price-to-earnings ratio of 13.26. The company has a fifty day simple moving average of C$31.65 and a 200 day simple moving average of C$28.91. Laurentian Bank of Canada has a 12-month low of C$25.74 and a 12-month high of C$45.00.

Laurentian Bank of Canada (LB.TO) (TSE:LB) last announced its quarterly earnings data on Friday, December 4th. The company reported C$0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.75 by C$0.16. The company had revenue of C$243.54 million during the quarter, compared to analysts’ expectations of C$241.00 million. As a group, sell-side analysts anticipate that Laurentian Bank of Canada will post 3.2989569 earnings per share for the current fiscal year.

Several brokerages recently weighed in on LB. CIBC increased their price target on shares of Laurentian Bank of Canada (LB.TO) from C$30.00 to C$32.00 in a report on Monday, December 7th. TD Securities increased their price target on shares of Laurentian Bank of Canada (LB.TO) from C$32.00 to C$35.00 and gave the stock a “hold” rating in a report on Monday, December 7th. BMO Capital Markets increased their price target on shares of Laurentian Bank of Canada (LB.TO) from C$30.00 to C$32.00 in a report on Monday, December 7th. Credit Suisse Group increased their price target on shares of Laurentian Bank of Canada (LB.TO) to C$30.00 and gave the stock an “underperform” rating in a report on Tuesday, December 8th. Finally, Scotiabank increased their price target on shares of Laurentian Bank of Canada (LB.TO) from C$30.00 to C$33.00 in a report on Monday, December 7th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$31.06.

In other news, Senior Officer St├ęphane Therrien sold 3,633 shares of the firm’s stock in a transaction that occurred on Thursday, December 17th. The shares were sold at an average price of C$32.04, for a total transaction of C$116,401.32. Following the sale, the insider now owns 285 shares of the company’s stock, valued at approximately C$9,131.40.

Laurentian Bank of Canada (LB.TO) Company Profile

Laurentian Bank of Canada, together with its subsidiaries, provides various banking services to individuals, small and medium-sized enterprises, and institutional customers in Canada and the United States. It operates through Personal, Business Services, and Institutional segments. The company offers notice, demand, and term deposit products; investment accounts; personal loans, such as investment and student loans, home-equity line of credit, credit cards, personal line of credit, and other consumer loans; guaranteed investment certificates; agriculture loan; real estate renting and leasing services; equipment and inventory financing; personal and commercial loans; and residential mortgage loans, as well as mortgage insurance.

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Dividend History for Laurentian Bank of Canada (LB.TO) (TSE:LB)

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