What is Cormark’s Estimate for TSE:LB FY2025 Earnings?

Laurentian Bank of Canada (TSE:LB) – Cormark lowered their FY2025 earnings per share estimates for shares of Laurentian Bank of Canada in a research report issued on Friday, February 21st. Cormark analyst L. Persaud now forecasts that the company will post earnings per share of $3.61 for the year, down from their previous 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 reports. CIBC boosted their price target on Laurentian Bank of Canada from C$28.00 to C$31.00 in a research note on Tuesday, November 26th. Scotiabank lowered their price objective on shares of 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. 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. National Bankshares raised their price target on shares of Laurentian Bank of Canada from C$25.00 to C$27.00 and gave the stock an “underperform” rating in a report on Monday, December 9th. Finally, Jefferies Financial Group upped their price objective on shares of Laurentian Bank of Canada from C$29.00 to C$30.00 and gave the company a “hold” rating in a report on Monday, December 9th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$28.11.

Laurentian Bank of Canada Price Performance

Shares of Laurentian Bank of Canada stock opened at C$27.55 on Monday. The stock’s 50-day moving average is C$28.41 and its 200 day moving average is C$27.63. Laurentian Bank of Canada has a one year low of C$24.45 and a one year high of C$31.74. The firm has a market cap of C$1.21 billion, a price-to-earnings ratio of -219.73, a PEG ratio of 0.76 and a beta of 1.25.

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. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.88 annualized dividend and a yield of 6.82%. Laurentian Bank of Canada’s payout ratio is -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.