Laurentian Bank of Canada (TSE:LB) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Laurentian Bank of Canada (TSE:LB) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$40.24 and traded as high as C$40.30. Laurentian Bank of Canada shares last traded at C$40.26, with a volume of 104,172 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Desjardins set a C$40.50 target price on Laurentian Bank of Canada and gave the company a “tender” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Laurentian Bank of Canada currently has a consensus rating of “Reduce” and a consensus target price of C$37.29.

Laurentian Bank of Canada Stock Performance

The company has a market cap of C$1.80 billion, a PE ratio of 129.87, a P/E/G ratio of 0.76 and a beta of 1.16. The stock’s 50-day simple moving average is C$40.30 and its 200 day simple moving average is C$40.24.

Laurentian Bank of Canada (TSE:LB) last issued its earnings results on Friday, May 29th. The company reported C$0.46 earnings per share for the quarter. Laurentian Bank of Canada had a net margin of 1.36% and a return on equity of 1.01%. The business had revenue of C$236.16 million for the quarter. On average, sell-side analysts predict that Laurentian Bank of Canada will post 3.8414986 EPS for the current fiscal year.

Laurentian Bank of Canada Dividend Announcement

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

Laurentian Bank of Canada Company Profile

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.