Desjardins Brokers Decrease Earnings Estimates for TSE:LB

Laurentian Bank of Canada (TSE:LB) – Analysts at Desjardins decreased their Q1 2025 earnings per share (EPS) estimates for shares of Laurentian Bank of Canada in a report issued on Tuesday, February 4th. Desjardins analyst D. Young now anticipates that the company will earn $0.76 per share for the quarter, down from their previous estimate of $0.77. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.84 per share. Desjardins also issued estimates for Laurentian Bank of Canada’s FY2026 earnings at $3.35 EPS.

A number of other brokerages also recently weighed in on LB. Scotiabank upped their price target on shares of Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a report on Monday, December 9th. Raymond James raised their target price on Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a “market perform” rating in a report on Monday, December 9th. CIBC boosted their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Tuesday, November 26th. Jefferies Financial Group raised their price objective on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, National Bankshares increased their target price on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a report on Monday, December 9th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, Laurentian Bank of Canada currently has a consensus rating of “Hold” and an average price target of C$28.67.

Laurentian Bank of Canada Stock Down 0.4 %

Shares of Laurentian Bank of Canada stock opened at C$27.70 on Thursday. Laurentian Bank of Canada has a 12-month low of C$24.45 and a 12-month high of C$31.74. The company has a market capitalization of C$1.22 billion, a price-to-earnings ratio of -44.68, a PEG ratio of 0.76 and a beta of 1.25. The firm’s 50-day moving average price is C$28.96 and its two-hundred day moving average price is C$27.53.

Laurentian Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Stockholders of record on Friday, January 3rd were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 6.79%. The ex-dividend date was Friday, January 3rd. Laurentian Bank of Canada’s dividend payout ratio (DPR) is currently -303.23%.

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.