Laurentian Bank of Canada (TSE:LB) Declares Quarterly Dividend of $0.47

Laurentian Bank of Canada (TSE:LB) declared a quarterly dividend on Tuesday, April 1st, TickerTech Dividends reports. Stockholders of record on Thursday, May 1st will be given a dividend of 0.47 per share on Thursday, May 1st. This represents a $1.88 annualized dividend and a dividend yield of 7.10%. The ex-dividend date is Tuesday, April 1st.

Laurentian Bank of Canada Trading Down 1.4 %

TSE LB opened at C$26.48 on Thursday. The company has a market capitalization of C$1.17 billion, a PE ratio of -211.20, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 1-year low of C$24.45 and a 1-year high of C$31.74. The firm’s fifty day simple moving average is C$27.42 and its 200-day simple moving average is C$27.78.

Analyst Ratings Changes

A number of research firms have recently weighed in on LB. Scotiabank cut their price target on Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Thursday, February 20th. BMO Capital Markets cut their price objective on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a research report on Monday, March 3rd. National Bankshares lifted their target price on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the company an “underperform” rating in a research note on Monday, December 9th. Jefferies Financial Group increased their price target on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Finally, Raymond James reduced their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday, March 3rd. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, Laurentian Bank of Canada currently has an average rating of “Hold” and an average target price of C$28.00.

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