Desjardins Has Positive Outlook for TSE:LB FY2025 Earnings

Laurentian Bank of Canada (TSE:LB) – Analysts at Desjardins boosted their FY2025 earnings per share estimates for shares of Laurentian Bank of Canada in a research report issued to clients and investors on Tuesday, February 4th. Desjardins analyst D. Young now forecasts that the company will post earnings per share of $3.30 for the year, up from their previous estimate of $3.25. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.84 per share.

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

Laurentian Bank of Canada Trading Down 0.4 %

Shares of Laurentian Bank of Canada stock opened at C$27.70 on Friday. The company has a market capitalization of C$1.22 billion, a PE ratio of -44.68, a PEG ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 12 month low of C$24.45 and a 12 month high of C$31.74. The stock’s fifty day simple moving average is C$28.96 and its 200 day simple moving average is C$27.53.

Laurentian Bank of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Friday, January 3rd were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.88 dividend on an annualized basis and a yield of 6.79%. Laurentian Bank of Canada’s payout ratio 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.