Laurentian Bank of Canada (TSE:LB) Given Media Sentiment Rating of -3.80

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News coverage about Laurentian Bank of Canada (TSE:LB) has been trending very negative on Sunday, according to InfoTrie. The research firm identifies positive and negative media coverage by reviewing more than 6,000 blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Laurentian Bank of Canada earned a daily sentiment score of -3.80 on their scale. InfoTrie also assigned headlines about the company an news buzz score of 0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news articles that may have effected Laurentian Bank of Canada’s analysis:

LB stock opened at C$28.42 on Friday. The firm has a market cap of $1.25 billion and a PE ratio of 7.97. The firm’s fifty day moving average is C$29.76 and its 200 day moving average is C$39.54. Laurentian Bank of Canada has a one year low of C$26.83 and a one year high of C$46.99.

Laurentian Bank of Canada (TSE:LB) last released its quarterly earnings results on Friday, February 28th. The company reported C$0.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.05 by C($0.26). The company had revenue of C$238.71 million for the quarter, compared to the consensus estimate of C$247.80 million. Research analysts predict that Laurentian Bank of Canada will post 3.33 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Wednesday, April 1st were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.68 annualized dividend and a yield of 9.43%. Laurentian Bank of Canada’s dividend payout ratio is presently 73.99%.

A number of research analysts have issued reports on the stock. Scotiabank lowered shares of Laurentian Bank of Canada from a “sector perform” rating to an “underperform” rating and cut their price target for the company from C$37.00 to C$25.00 in a research note on Tuesday, March 31st. CSFB cut their price objective on shares of Laurentian Bank of Canada from C$33.00 to C$30.00 in a research note on Friday. Royal Bank of Canada cut their price objective on shares of Laurentian Bank of Canada from C$48.00 to C$42.00 and set a “sector perform” rating on the stock in a research note on Monday, March 2nd. Canaccord Genuity increased their price objective on shares of Laurentian Bank of Canada from C$23.00 to C$26.50 in a research note on Wednesday. Finally, TD Securities cut their price objective on shares of Laurentian Bank of Canada from C$40.00 to C$34.00 and set a “hold” rating on the stock in a research note on Thursday, March 26th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$33.75.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance solutions.

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