Laurentian Bank of Canada (TSE:LB) Hits New 52-Week High – Should You Buy?

Shares of Laurentian Bank of Canada (TSE:LB) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$40.49 and last traded at C$40.49, with a volume of 35545 shares traded. The stock had previously closed at C$40.42.

Laurentian Bank of Canada Stock Performance

The firm’s 50 day moving average price is C$40.29 and its 200-day moving average price is C$39.98. The firm has a market capitalization of C$1.81 billion, a PE ratio of 130.55, a price-to-earnings-growth ratio of 0.76 and a beta of 1.24.

Laurentian Bank of Canada (TSE:LB) last posted its earnings results on Friday, May 29th. The company reported C$0.46 earnings per share (EPS) for the quarter. Laurentian Bank of Canada had a net margin of 1.36% and a return on equity of 1.01%. The business had revenue of C$236.16 million for the quarter. On average, equities research analysts expect that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current fiscal year.

Laurentian Bank of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, May 1st were paid a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $1.88 dividend on an annualized basis and a yield of 4.6%. Laurentian Bank of Canada’s dividend payout ratio (DPR) is currently 606.45%.

About Laurentian Bank of Canada

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.