Cormark Issues Pessimistic Estimate for TSE:LB Earnings

Laurentian Bank of Canada (TSE:LB) – Stock analysts at Cormark decreased their FY2025 earnings per share (EPS) estimates for shares of Laurentian Bank of Canada in a note issued to investors on Monday, December 9th. Cormark analyst L. Persaud now forecasts that the company will earn $3.66 per share for the year, down from their previous forecast of $3.79. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.84 per share. Cormark also issued estimates for Laurentian Bank of Canada’s FY2026 earnings at $4.05 EPS.

Other equities research analysts have also recently issued reports about the stock. Raymond James lifted their price target on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the company a “market perform” rating in a research report on Monday. Cibc World Mkts raised shares of Laurentian Bank of Canada to a “hold” rating in a research report on Wednesday, August 21st. BMO Capital Markets boosted their target price on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Monday. Jefferies Financial Group raised their price target on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Scotiabank lifted 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 research note on Monday. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, Laurentian Bank of Canada presently has an average rating of “Hold” and an average price target of C$28.67.

Laurentian Bank of Canada Trading Down 0.3 %

Shares of LB opened at C$30.27 on Wednesday. The company’s 50-day moving average price is C$27.71 and its 200 day moving average price is C$26.81. Laurentian Bank of Canada has a 12-month low of C$24.45 and a 12-month high of C$31.74. The firm has a market cap of C$1.33 billion, a P/E ratio of -48.82, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25.

Laurentian Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Friday, January 3rd will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 6.21%. Laurentian Bank of Canada’s payout ratio 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.