TSE:LB FY2025 EPS Forecast Cut by National Bank Financial

Laurentian Bank of Canada (TSE:LB) – National Bank Financial lowered their FY2025 earnings estimates for Laurentian Bank of Canada in a research note issued on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now anticipates that the company will post earnings per share of $3.69 for the year, down from their prior forecast of $3.97. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.84 per share. National Bank Financial also issued estimates for Laurentian Bank of Canada’s FY2026 earnings at $3.91 EPS.

Laurentian Bank of Canada (TSE:LB) last announced its quarterly earnings data on Friday, August 30th. The company reported C$0.88 EPS for the quarter, beating the consensus estimate of C$0.85 by C$0.03. Laurentian Bank of Canada had a negative net margin of 1.64% and a negative return on equity of 0.55%. The firm had revenue of C$256.50 million during the quarter, compared to analysts’ expectations of C$257.90 million.

Other equities analysts also recently issued reports about the company. CIBC dropped their price objective on Laurentian Bank of Canada from C$30.00 to C$28.00 and set a “neutral” rating for the company in a research note on Tuesday, August 20th. Raymond James raised their price target on Laurentian Bank of Canada from C$26.00 to C$27.00 in a research report on Wednesday, September 4th. BMO Capital Markets lifted their price target on Laurentian Bank of Canada from C$27.00 to C$28.00 in a research note on Monday, November 18th. Desjardins increased their price objective on shares of Laurentian Bank of Canada from C$25.00 to C$26.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. Finally, Cibc World Mkts upgraded shares of Laurentian Bank of Canada to a “hold” rating in a report on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, Laurentian Bank of Canada has a consensus rating of “Hold” and a consensus price target of C$26.55.

Laurentian Bank of Canada Trading Up 1.1 %

LB stock opened at C$28.81 on Thursday. The firm has a 50 day moving average of C$27.04 and a 200-day moving average of C$26.56. The company has a market cap of C$1.27 billion, a price-to-earnings ratio of -46.47, 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$29.49.

Laurentian Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.88 annualized dividend and a dividend yield of 6.53%. Laurentian Bank of Canada’s dividend payout ratio is currently -303.23%.

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.