BMO Capital Markets Has Lowered Expectations for Laurentian Bank of Canada (TSE:LB) Stock Price

Laurentian Bank of Canada (TSE:LB) had its price target cut by BMO Capital Markets from C$31.00 to C$30.00 in a research note published on Monday morning,BayStreet.CA reports.

LB has been the topic of several other research reports. Jefferies Financial Group lifted their price objective on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Raymond James decreased their price target on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday. Scotiabank lowered their price target on shares of Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating on the stock in a report on Thursday, February 20th. CIBC raised their price objective on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Tuesday, November 26th. Finally, 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 report on Monday, December 9th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$28.00.

Laurentian Bank of Canada Stock Performance

TSE LB opened at C$26.80 on Monday. Laurentian Bank of Canada has a twelve month low of C$24.45 and a twelve month high of C$31.74. The stock has a market cap of C$1.18 billion, a PE ratio of -213.75, a PEG ratio of 0.76 and a beta of 1.25. The firm has a 50-day simple moving average of C$28.21 and a 200 day simple moving average of C$27.71.

Laurentian Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 15th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 7.01%. The ex-dividend date is Friday, March 7th. Laurentian Bank of Canada’s dividend payout ratio is currently -1,499.45%.

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.