Cormark Expects Lower Earnings for Laurentian Bank of Canada

Laurentian Bank of Canada (TSE:LB) – Equities research analysts at Cormark reduced their FY2025 earnings estimates for shares of Laurentian Bank of Canada in a report released on Friday, February 21st. Cormark analyst L. Persaud now forecasts that the company will post earnings of $3.61 per share for the year, down from their previous forecast of $3.66. 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 $3.87 EPS.

A number of other equities analysts have also recently commented on LB. Scotiabank reduced their price target on Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating for the company in a report on Thursday, February 20th. Jefferies Financial Group lifted their target price on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. BMO Capital Markets boosted their target price on Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Monday, December 9th. CIBC raised their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Tuesday, November 26th. Finally, National Bankshares upped their price objective on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the company an “underperform” rating in a report on Monday, December 9th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, Laurentian Bank of Canada has a consensus rating of “Hold” and an average target price of C$28.11.

Laurentian Bank of Canada Stock Up 0.5 %

LB stock opened at C$27.69 on Monday. The company has a market cap of C$1.22 billion, a price-to-earnings ratio of -220.85, a P/E/G ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a twelve month low of C$24.45 and a twelve month high of C$31.74. The business has a 50 day moving average price of C$28.38 and a two-hundred day moving average price of C$27.65.

Laurentian Bank of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, February 1st. Stockholders of record on Friday, January 3rd were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 6.79%. The ex-dividend date was Friday, January 3rd. Laurentian Bank of Canada’s payout ratio is presently -1,499.45%.

About Laurentian Bank of Canada

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.