Laurentian Bank of Canada (TSE:LB) FY2022 EPS estimates raised by analyst

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Laurentian Bank of Canada (TSE:LB – Get Rating) – Research analysts at National Bank Financial have raised their fiscal 2022 earnings per share estimates for Laurentian Bank of Canada shares in a published research note to investors on Wednesday, June 1. National Bank Financial analyst G. Dechaine now expects the company to post earnings of $5.12 per share for the year, up from its previous estimate of $4.66. National Bank Financial also released Laurentian Bank Q4 2022 earnings estimates at $1.23 EPS.

A number of other research companies also weighed in on LB. CIBC raised its price target on Laurentian Bank of Canada shares from C$41.00 to C$43.00 and gave the company a “neutral” rating in a research report on Thursday. TD Securities raised its price target on Laurentian Bank of Canada from C$44.00 to C$47.00 and gave the stock a “holding” rating in a report on Thursday. Cormark raised its target price on Laurentian Bank of Canada from CA$46.00 to CA$47.00 and gave the company a “neutral” rating in a Thursday, March 3, research note. National Bank shares raised their target price on Laurentian Bank of Canada from C$49.00 to C$53.00 and gave the stock an ‘sector performance’ rating in a research report on Thursday . Finally, Scotiabank raised its price target on Laurentian Bank of Canada from C$46.00 to C$50.00 in a report released Thursday. Three investment analysts gave the stock a sell rating, six gave the stock a hold rating and one gave the stock a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of CA$46.50.

Shares of LB opened at C$41.54 on Monday. The company has a 50-day moving average of C$39.60 and a 200-day moving average of C$41.10. Laurentian Bank of Canada has a 1-year low of C$36.54 and a 1-year high of C$45.29. The company has a market capitalization of C$1.80 billion and a PE ratio of 33.42.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 1. Investors of record on Monday, July 4 will receive a dividend of $0.45. This is a positive change from Laurentian Bank of Canada’s previous quarterly dividend of $0.44. This represents a dividend of $1.80 on an annualized basis and a yield of 4.33%. The ex-date of this dividend is Thursday, June 30. Laurentian Bank of Canada’s dividend payout ratio is currently 135.16%.

About Laurentian Bank of Canada (Get a rating)

Laurentian Bank of Canada, together with its subsidiaries, offers various financial services to individuals, businesses and institutional clients in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking and Capital Markets. The company offers notice, demand and term deposits; commercial, residential and personal mortgage loans; financing of real estate, equipment and inventory; and life and disability insurance products.

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Earnings history and estimates for Laurentian Bank of Canada (TSE:LB)



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