Laurentian Bank of Canada Plans Quarterly Dividend of $0.47 (TSE:LB)

Laurentian Bank of Canada (TSE:LB) announced a quarterly dividend on Tuesday, April 1st, TickerTech Dividends reports. Stockholders of record on Thursday, May 1st will be paid a dividend of 0.47 per share on Thursday, May 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date of this dividend is Tuesday, April 1st.

Laurentian Bank of Canada Stock Up 0.7 %

LB opened at C$27.27 on Tuesday. The stock has a market capitalization of C$1.20 billion, a price-to-earnings ratio of -217.50, a PEG ratio of 0.76 and a beta of 1.25. The firm has a 50 day moving average price of C$27.51 and a 200-day moving average price of C$27.78. Laurentian Bank of Canada has a twelve month low of C$24.45 and a twelve month high of C$31.74.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LB shares. BMO Capital Markets lowered their price target on Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday, March 3rd. Jefferies Financial Group increased their target price on Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a “hold” rating in a report on Monday, December 9th. Raymond James dropped their target price on Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, March 3rd. Scotiabank reduced their price target on shares of Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating for the company in a research report on Thursday, February 20th. Finally, National Bankshares raised their price objective on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, Laurentian Bank of Canada has a consensus rating of “Hold” and an average target price of C$28.00.

Laurentian Bank of Canada Company Profile

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.