FY2025 Earnings Forecast for TSE:LB Issued By Cormark

Laurentian Bank of Canada (TSE:LB) – Investment analysts at Cormark lowered their FY2025 earnings per share (EPS) estimates for Laurentian Bank of Canada in a note issued to investors on Friday, February 21st. Cormark analyst L. Persaud now expects that the company will post earnings per share of $3.61 for the year, down from their prior estimate 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.

LB has been the topic of several other research reports. CIBC boosted their target price on shares of Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Tuesday, November 26th. National Bankshares raised their target price on Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a research note on Monday, December 9th. Jefferies Financial Group raised their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Scotiabank dropped their target price on shares of Laurentian Bank of Canada from C$33.00 to C$28.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 20th. Finally, Raymond James increased their target price on shares of Laurentian Bank of Canada from C$27.00 to C$29.00 and gave the stock a “market perform” rating in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, Laurentian Bank of Canada has a consensus rating of “Hold” and an average price target of C$28.11.

Laurentian Bank of Canada Trading Up 0.5 %

Shares of LB opened at C$27.69 on Monday. The company has a market capitalization of C$1.22 billion, a PE ratio of -220.85, a PEG ratio of 0.76 and a beta of 1.25. The stock’s 50-day moving average price is C$28.38 and its two-hundred day moving average price is C$27.65. Laurentian Bank of Canada has a 12 month low of C$24.45 and a 12 month high of C$31.74.

Laurentian Bank of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Friday, January 3rd were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 6.79%. The ex-dividend date of this dividend was Friday, January 3rd. Laurentian Bank of Canada’s dividend payout ratio (DPR) 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.