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

Laurentian Bank of Canada (TSE:LB) announced a quarterly dividend on Friday, March 7th, TickerTech Dividends reports. Investors of record on Saturday, March 15th will be given a dividend of 0.47 per share on Saturday, March 15th. This represents a $1.88 dividend on an annualized basis and a yield of 7.03%. The ex-dividend date of this dividend is Friday, March 7th.

Laurentian Bank of Canada Trading Up 0.4 %

TSE:LB traded up C$0.10 during trading hours on Wednesday, reaching C$26.75. 22,674 shares of the company were exchanged, compared to its average volume of 193,048. The firm has a market cap of C$1.18 billion, a PE ratio of -213.35, a price-to-earnings-growth 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 stock’s 50-day moving average is C$28.26 and its 200-day moving average is C$27.70.

Analyst Upgrades and Downgrades

LB has been the topic of a number of research reports. Raymond James decreased their price target on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday. Jefferies Financial Group lifted their price target 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. Scotiabank dropped 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 research report on Thursday, February 20th. CIBC raised their price objective on Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Tuesday, November 26th. Finally, BMO Capital Markets dropped their target price on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$28.00.

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.