Desjardins Has Positive Outlook of TSE:LB FY2025 Earnings

Laurentian Bank of Canada (TSE:LB) – Research analysts at Desjardins upped their FY2025 earnings per share estimates for Laurentian Bank of Canada in a report released on Tuesday, February 4th. Desjardins analyst D. Young now anticipates that the company will earn $3.30 per share for the year, up from their previous forecast of $3.25. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.84 per share.

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

Laurentian Bank of Canada Trading Down 0.3 %

Shares of LB opened at C$27.61 on Friday. Laurentian Bank of Canada has a 52 week low of C$24.45 and a 52 week high of C$31.74. The firm has a market cap of C$1.21 billion, a price-to-earnings ratio of -44.53, a PEG ratio of 0.76 and a beta of 1.25. The stock has a 50 day moving average of C$28.92 and a 200-day moving average of C$27.54.

Laurentian Bank of Canada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Friday, January 3rd were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 6.81%. The ex-dividend date was Friday, January 3rd. Laurentian Bank of Canada’s dividend payout ratio (DPR) is -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.