Laurentian Bank of Canada (TSE:LB) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Laurentian Bank of Canada (TSE:LB)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$40.26 and traded as high as C$40.34. Laurentian Bank of Canada shares last traded at C$40.32, with a volume of 218,834 shares changing hands.

Wall Street Analyst Weigh In

Separately, Desjardins set a C$40.50 price target on shares of Laurentian Bank of Canada and gave the stock a “tender” rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Laurentian Bank of Canada currently has a consensus rating of “Reduce” and an average target price of C$37.29.

Laurentian Bank of Canada Stock Up 0.0%

The company has a 50 day moving average of C$40.29 and a two-hundred day moving average of C$40.26. The firm has a market cap of C$1.81 billion, a P/E ratio of 130.06, a PEG ratio of 0.76 and a beta of 1.16.

Laurentian Bank of Canada (TSE:LB) last released its earnings results on Friday, August 28th. The company reported C$0.51 EPS for the quarter. The business had revenue of C$241.73 million during the quarter. Laurentian Bank of Canada had a negative net margin of 0.41% and a negative return on equity of 0.30%. Research analysts expect that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current fiscal year.

Laurentian Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, August 1st. Stockholders of record on Saturday, August 1st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Tuesday, June 30th. 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.