Laurentian Bank of Canada (TSE:LB) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Laurentian Bank of Canada (TSE:LB)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$40.20 and traded as low as C$40.18. Laurentian Bank of Canada shares last traded at C$40.22, with a volume of 120,351 shares trading hands.

Laurentian Bank of Canada Stock Performance

The stock has a 50 day moving average of C$40.33 and a two-hundred day moving average of C$40.20. The stock has a market cap of C$1.80 billion, a PE ratio of 129.87, a PEG ratio of 0.76 and a beta of 1.20.

Laurentian Bank of Canada (TSE:LB) last posted its quarterly earnings data on Friday, May 29th. The company reported C$0.46 EPS for the quarter. Laurentian Bank of Canada had a net margin of 1.36% and a return on equity of 1.01%. The company had revenue of C$236.16 million during the quarter. Analysts expect that Laurentian Bank of Canada will post 3.8414986 EPS for the current fiscal year.

Laurentian Bank of Canada Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, August 1st. Investors of record on Saturday, August 1st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is 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.