Desjardins Has Positive Outlook for TSE:LB FY2025 Earnings

Laurentian Bank of Canada (TSE:LB) – Stock analysts at Desjardins upped their FY2025 earnings per share (EPS) estimates for shares of Laurentian Bank of Canada in a report released on Tuesday, November 11th. Desjardins analyst D. Young now anticipates that the company will post earnings of $3.01 per share for the year, up from their previous estimate of $3.00. Desjardins currently has a “Sell” rating and a $30.00 target price on the stock. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.84 per share. Desjardins also issued estimates for Laurentian Bank of Canada’s FY2027 earnings at $3.55 EPS.

Several other analysts also recently issued reports on LB. National Bankshares decreased their price objective on shares of Laurentian Bank of Canada from C$27.00 to C$26.00 and set an “underperform” rating for the company in a research note on Tuesday, September 2nd. Jefferies Financial Group increased their price target on Laurentian Bank of Canada from C$29.00 to C$31.00 in a report on Wednesday, August 13th. Scotiabank raised their price target on Laurentian Bank of Canada from C$32.00 to C$33.00 in a research note on Friday, October 10th. CIBC boosted their price objective on Laurentian Bank of Canada from C$33.00 to C$35.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Finally, Raymond James Financial upped their price objective on Laurentian Bank of Canada from C$28.00 to C$30.00 and gave the company a “market perform” rating in a research report on Tuesday, September 2nd. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of C$30.71.

Laurentian Bank of Canada Trading Up 0.6%

LB stock opened at C$33.43 on Thursday. The stock has a market cap of C$1.48 billion, a PE ratio of 10.96, a P/E/G ratio of 0.76 and a beta of 1.47. Laurentian Bank of Canada has a 12 month low of C$24.37 and a 12 month high of C$34.10. The company has a 50-day moving average price of C$32.67 and a 200 day moving average price of C$30.89.

Laurentian Bank of Canada (TSE:LB) last posted its quarterly earnings data on Friday, August 29th. The company reported C$0.73 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.01. Laurentian Bank of Canada had a negative net margin of 0.30% and a negative return on equity of 0.20%. During the same quarter in the previous year, the business earned $0.88 EPS.

Laurentian Bank of Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, November 1st. Investors of record on Saturday, November 1st were paid a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.88 annualized dividend and a yield of 5.6%. Laurentian Bank of Canada’s dividend payout ratio is 61.64%.

About Laurentian Bank of Canada

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.