Laurentian Bank of Canada (TSE:LB) – Investment analysts at Cormark reduced their Q4 2018 earnings per share (EPS) estimates for Laurentian Bank of Canada in a report released on Wednesday. Cormark analyst M. Grauman now anticipates that the company will earn $1.59 per share for the quarter, down from their previous forecast of $1.68. Cormark also issued estimates for Laurentian Bank of Canada’s Q1 2019 earnings at $1.69 EPS, Q2 2019 earnings at $1.60 EPS, Q3 2019 earnings at $1.76 EPS and Q4 2019 earnings at $1.78 EPS.
Laurentian Bank of Canada (TSE:LB) last announced its earnings results on Tuesday, December 5th. The company reported C$1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.54 by C$0.09. Laurentian Bank of Canada had a net margin of 22.10% and a return on equity of 11.90%.
Shares of Laurentian Bank of Canada (TSE:LB) traded up C$0.47 during trading hours on Thursday, reaching C$53.38. 308,800 shares of the company traded hands, compared to its average volume of 418,830. Laurentian Bank of Canada has a one year low of C$51.57 and a one year high of C$62.90. The stock has a market capitalization of $2,080.00, a price-to-earnings ratio of 9.90 and a beta of 0.48.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 4.72%. This is a positive change from Laurentian Bank of Canada’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, December 29th. Laurentian Bank of Canada’s dividend payout ratio is presently 45.64%.
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About Laurentian Bank of Canada
Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.
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