Desjardins Analysts Give Laurentian Bank of Canada (TSE:LB) a C$40.50 Price Target

Desjardins set a C$40.50 price objective on Laurentian Bank of Canada (TSE:LB) in a report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has a tender rating on the stock.

Laurentian Bank of Canada Stock Down 0.1%

Shares of LB opened at C$40.25 on Wednesday. The company has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 129.84, a PEG ratio of 0.76 and a beta of 1.16. Laurentian Bank of Canada has a 52 week low of C$29.51 and a 52 week high of C$40.78. The stock’s 50-day moving average price is C$40.30 and its 200-day moving average price is C$40.23.

Laurentian Bank of Canada (TSE:LB) last announced its quarterly earnings results on Friday, May 29th. The company reported C$0.46 earnings per share (EPS) for the quarter. Laurentian Bank of Canada had a return on equity of 1.01% and a net margin of 1.36%.The company had revenue of C$236.16 million during the quarter. As a group, equities analysts anticipate that Laurentian Bank of Canada will post 3.8414986 EPS for the current fiscal year.

Laurentian Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, August 1st. Investors of record on Saturday, August 1st were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 4.7%. Laurentian Bank of Canada’s dividend payout ratio is 606.45%.

About Laurentian Bank of Canada

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.