Laurentian Bank (LRCDF) Receives a Hold from RBC Capital

RBC Capital analyst Darko Mihelic maintained a Hold rating on Laurentian Bank on January 5 and set a price target of C$40.00. The company’s shares closed last Monday at C$39.93.

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Mihelic covers the Financial sector, focusing on stocks such as Bank Of Montreal, Bank Of Nova Scotia, and Canadian Bank of Commerce. According to TipRanks, Mihelic has an average return of 8.0% and a 62.37% success rate on recommended stocks.

Laurentian Bank has an analyst consensus of Hold, with a price target consensus of C$40.40, which is a 1.17% upside from current levels. In a report released on January 4, TipRanks – OpenAI also reiterated a Hold rating on the stock with a C$43.00 price target.

Based on Laurentian Bank’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of C$582.93 million and a net profit of C$31.48 million. In comparison, last year the company earned a revenue of C$610.04 million and had a net profit of C$40.66 million

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LRCDF in relation to earlier this year.