Brokers Issue Forecasts for TSE:LB FY2025 Earnings

Laurentian Bank of Canada (TSE:LB) – Equities research analysts at National Bank Financial dropped their FY2025 earnings per share estimates for Laurentian Bank of Canada in a research note issued on Thursday, May 15th. National Bank Financial analyst G. Dechaine now forecasts that the company will post earnings per share of $3.17 for the year, down from their previous forecast of $3.24. The consensus estimate for Laurentian Bank of Canada’s current full-year earnings is $3.84 per share. National Bank Financial also issued estimates for Laurentian Bank of Canada’s FY2026 earnings at $3.80 EPS.

Other equities analysts also recently issued reports about the stock. Raymond James reduced their target price on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research note on Monday, March 3rd. BMO Capital Markets cut their price target on shares of Laurentian Bank of Canada from C$31.00 to C$30.00 in a report on Monday, March 3rd. Jefferies Financial Group reduced their price target on shares of Laurentian Bank of Canada from C$29.00 to C$27.00 in a research report on Monday, April 21st. Finally, Scotiabank lowered their price objective 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. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, Laurentian Bank of Canada presently has a consensus rating of “Hold” and an average price target of C$27.63.

Laurentian Bank of Canada Price Performance

LB opened at C$27.77 on Monday. The firm has a market capitalization of C$1.22 billion, a price-to-earnings ratio of -221.49, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The company’s 50 day simple moving average is C$26.87 and its two-hundred day simple moving average is C$27.79. Laurentian Bank of Canada has a 1-year low of C$24.37 and a 1-year high of C$31.74.

Laurentian Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, May 1st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date of this dividend was Tuesday, April 1st. Laurentian Bank of Canada’s dividend payout ratio is currently -1,499.45%.

About Laurentian Bank of Canada

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients.