Brokers Set Expectations for Laurentian Bank of Canada’s Q3 2020 Earnings (TSE:LB)

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Laurentian Bank of Canada (TSE:LB) – Research analysts at National Bank Financial issued their Q3 2020 earnings per share (EPS) estimates for shares of Laurentian Bank of Canada in a note issued to investors on Tuesday, February 11th. National Bank Financial analyst G. Dechaine anticipates that the company will post earnings of $1.15 per share for the quarter. National Bank Financial currently has a “Underperform” rating and a $38.00 price objective on the stock.

A number of other brokerages have also weighed in on LB. Scotiabank decreased their target price on Laurentian Bank of Canada from C$42.00 to C$41.00 in a research report on Thursday, December 5th. Canaccord Genuity decreased their target price on Laurentian Bank of Canada from C$36.00 to C$35.00 in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of C$43.22.

Shares of TSE:LB opened at C$43.80 on Thursday. Laurentian Bank of Canada has a fifty-two week low of C$40.00 and a fifty-two week high of C$46.99. The business has a 50-day simple moving average of C$44.25 and a two-hundred day simple moving average of C$44.87. The firm has a market cap of $1.87 billion and a price-to-earnings ratio of 11.62.

Laurentian Bank of Canada (TSE:LB) last issued its earnings results on Wednesday, December 4th. The company reported C$1.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.17 by C($0.12). The business had revenue of C$241.64 million during the quarter, compared to analyst estimates of C$250.40 million.

The firm also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Stockholders of record on Saturday, February 1st were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.68 annualized dividend and a dividend yield of 6.12%. This is a positive change from Laurentian Bank of Canada’s previous quarterly dividend of $0.66. Laurentian Bank of Canada’s dividend payout ratio is presently 69.50%.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance solutions.

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