Cormark Research Analysts Reduce Earnings Estimates for Laurentian Bank of Canada (TSE:LB)

Laurentian Bank of Canada (TSE:LB) – Analysts at Cormark lowered their FY2025 EPS estimates for Laurentian Bank of Canada in a note issued to investors on Wednesday, May 22nd. Cormark analyst L. Persaud now anticipates that the company will post earnings per share of $4.13 for the year, down from their prior estimate of $4.17. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.81 per share.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group boosted their price target on shares of Laurentian Bank of Canada from C$24.00 to C$28.00 in a research report on Monday, May 13th. National Bankshares dropped their price target on Laurentian Bank of Canada from C$28.00 to C$27.00 and set an “underperform” rating on the stock in a research note on Friday, March 1st. Royal Bank of Canada dropped their price target on Laurentian Bank of Canada from C$30.00 to C$26.00 and set an “underperform” rating on the stock in a research note on Friday, March 1st. CIBC lifted their price target on Laurentian Bank of Canada from C$32.00 to C$33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Finally, Desjardins cut Laurentian Bank of Canada from a “hold” rating to a “sell” rating and dropped their price target for the stock from C$27.00 to C$26.00 in a research note on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$29.01.

Laurentian Bank of Canada Stock Down 0.4 %

Shares of TSE LB opened at C$27.11 on Thursday. Laurentian Bank of Canada has a fifty-two week low of C$24.92 and a fifty-two week high of C$48.23. The firm’s 50-day simple moving average is C$26.91 and its 200 day simple moving average is C$26.71. The stock has a market cap of C$1.19 billion, a P/E ratio of 7.64, a P/E/G ratio of 0.76 and a beta of 1.28.

Laurentian Bank of Canada (TSE:LB) last posted its earnings results on Thursday, February 29th. The company reported C$0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.02). The company had revenue of C$258.34 million during the quarter, compared to the consensus estimate of C$257.80 million. Laurentian Bank of Canada had a net margin of 17.33% and a return on equity of 5.84%.

Laurentian Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Wednesday, May 1st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date of this dividend was Thursday, March 28th. Laurentian Bank of Canada’s dividend payout ratio (DPR) is 52.96%.

About Laurentian Bank of Canada

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 Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients.