Laurentian Bank of Canada (TSE:LB – Free Report) had its price target raised by Raymond James from C$26.00 to C$27.00 in a research note released on Wednesday morning, BayStreet.CA reports. Raymond James also issued estimates for Laurentian Bank of Canada’s FY2024 earnings at $3.63 EPS, Q1 2025 earnings at $0.84 EPS and Q2 2025 earnings at $1.01 EPS.
A number of other equities analysts have also weighed in on LB. Desjardins increased their target price on Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the stock a sell rating in a research note on Tuesday, August 6th. Cibc World Mkts upgraded Laurentian Bank of Canada to a hold rating in a research note on Wednesday, August 21st. CIBC lowered their target price on Laurentian Bank of Canada from C$30.00 to C$28.00 and set a neutral rating on the stock in a research note on Tuesday, August 20th. Royal Bank of Canada lowered their target price on Laurentian Bank of Canada from C$26.00 to C$25.00 and set an underperform rating on the stock in a research note on Monday, June 3rd. Finally, Jefferies Financial Group lowered their price objective on Laurentian Bank of Canada from C$28.00 to C$26.00 and set a hold rating on the stock in a research note on Thursday, June 6th. Three analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat.com, Laurentian Bank of Canada presently has an average rating of Hold and an average price target of C$27.42.
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Laurentian Bank of Canada Stock Performance
Laurentian Bank of Canada Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 1st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.88 dividend on an annualized basis and a yield of 7.12%. Laurentian Bank of Canada’s dividend payout ratio is presently -671.43%.
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.
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