Laurentian Bank of Canada (TSE:LB) has been the subject of several recent reports from brokerage firms. National Bankshares lowered its price objective on Laurentian Bank of Canada from C$27.00 to C$25.00, issuing an underperform rating. CIBC reduced their price target from C$31.00 to C$29.00. Raymond James decreased their price target from C$29.00 to C$27.00. BMO Capital Markets lowered their price objective from C$31.00 to C$30.00. Scotiabank decreased their price objective from C$33.00 to C$28.00, setting a sector perform rating. Jefferies Financial Group decreased their price objective from C$29.00 to C$27.00.

Three research analysts have rated the stock with a sell rating and five have issued a hold rating. Laurentian Bank of Canada currently has a consensus rating of “Hold” and a consensus price target of C$27.13, according to data from MarketBeat.com.

Shares of LB opened at C$28.17 on Thursday. The company has a market capitalization of C$1.24 billion, a P/E ratio of -224.68, a PEG ratio of 0.76, and a beta of 1.25. The firm’s fifty-day moving average is C$26.96, and its two-hundred day moving average is C$27.82. Laurentian Bank of Canada has a 52-week low of C$24.37 and a 52-week high of C$31.74.

Laurentian Bank of Canada also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, May 1st, received a $0.47 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $1.88 annualized dividend and a dividend yield of 6.67%. Laurentian Bank of Canada’s payout ratio is -1,499.45%.

Laurentian Bank of Canada provides personal banking, business banking, real estate, and commercial financing to 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.