Desjardins Has Positive Outlook for TSE:LB FY2025 Earnings

Laurentian Bank of Canada (TSE:LB) – Equities research analysts at Desjardins boosted their FY2025 earnings per share (EPS) estimates for shares of Laurentian Bank of Canada in a research note issued to investors on Tuesday, February 4th. Desjardins analyst D. Young now anticipates that the company will post earnings of $3.30 per share for the year, up from their previous forecast of $3.25. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.84 per share.

A number of other brokerages have also issued reports on LB. Jefferies Financial Group boosted 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 boosted their target price on Laurentian Bank of Canada from C$30.00 to C$33.00 and gave the stock a “sector perform” rating in a research report on Monday, December 9th. National Bankshares boosted 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 report on Monday, December 9th. BMO Capital Markets boosted their target price on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research report on Monday, December 9th. Finally, CIBC lifted their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a report on Tuesday, November 26th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$28.67.

Laurentian Bank of Canada Stock Performance

LB opened at C$27.70 on Friday. The stock’s fifty day moving average is C$28.96 and its 200-day moving average is C$27.53. The company has a market capitalization of C$1.22 billion, a PE ratio of -44.68, a P/E/G ratio of 0.76 and a beta of 1.25. Laurentian Bank of Canada has a one year low of C$24.45 and a one year high of C$31.74.

Laurentian Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Friday, January 3rd were issued a $0.47 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.88 annualized dividend and a yield of 6.79%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is -303.23%.

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.