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

Laurentian Bank of Canada (TSE:LB) declared a quarterly dividend on Tuesday, April 1st, TickerTech Dividends reports. Investors of record on Thursday, May 1st will be given a dividend of 0.47 per share on Thursday, May 1st. This represents a $1.88 annualized dividend and a yield of 7.00%. The ex-dividend date of this dividend is Tuesday, April 1st.

Laurentian Bank of Canada Trading Down 1.5 %

Shares of LB opened at C$26.85 on Wednesday. The stock has a 50 day moving average of C$27.47 and a 200 day moving average of C$27.78. The company has a market capitalization of C$1.18 billion, a price-to-earnings ratio of -214.15, a PEG ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a 12 month low of C$24.45 and a 12 month high of C$31.74.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LB shares. National Bankshares increased their target price on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a research report on Monday, December 9th. Jefferies Financial Group increased their target price on 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 cut their target price 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 note on Thursday, February 20th. BMO Capital Markets decreased their target price on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday, March 3rd. Finally, Raymond James cut their price target on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a report on Monday, March 3rd. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.