Laurentian Bank of Canada (TSE:LB) Shares Pass Above 200-Day Moving Average – Should You Sell?

Laurentian Bank of Canada (TSE:LB)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$40.20 and traded as high as C$40.35. Laurentian Bank of Canada shares last traded at C$40.35, with a volume of 192,150 shares trading hands.

Laurentian Bank of Canada Stock Down 0.1%

The company has a 50-day moving average of C$40.32 and a 200 day moving average of C$40.20. The firm has a market capitalization of C$1.80 billion, a PE ratio of 129.97, a PEG ratio of 0.76 and a beta of 1.20.

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

Laurentian Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, August 1st. Investors of record on Saturday, August 1st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Tuesday, June 30th. Laurentian Bank of Canada’s dividend payout ratio is 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.