The Non-Executive of Laurentian Bank (Other OTC: LRCDF) is Buying Shares

Today, the Non-Executive of Laurentian Bank (LRCDFResearch Report), David Lawrence Mowat, bought shares of LRCDF for $53.36K.

Following David Lawrence Mowat’s last LRCDF Buy transaction on December 31, 2020, the stock climbed by 12.7%. Following this transaction David Lawrence Mowat’s holding in the company was increased by 12% to a total of $400.7K.

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Based on Laurentian Bank’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $250 million and quarterly net profit of $53.06 million. In comparison, last year the company earned revenue of $240 million and had a net profit of $8.89 million. The company has a one-year high of $37.43 and a one-year low of $19.69. Currently, Laurentian Bank has an average volume of .

Based on 9 analyst ratings, the analyst consensus is Hold with an average price target of $38.35, reflecting a -100.0% downside.

The insider sentiment on Laurentian Bank has been positive according to 28 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

David Lawrence Mowat’s trades have generated a 15.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Laurentian Bank of Canada engages in the provision of financial services. It operates through the following segments: Retail Services, Business Services, Business-to-Business (B2B) Bank, and Capital Markets. The Retail Services segment offers savings, investment, and financing products. The Business Services segment caters to the financial needs of business clients, small and medium-sized enterprises, and real estate developers such as leasing solutions, investment, cash management, and international services. The B2B Bank segment supplies banking and financial products to independent financial advisors and non-bank financial Institutions. The Capital Markets segment consists of full-service broker and bank’s capital market activities. The company was founded by Monsignor Ignace Bourget on May 26, 1846 and is headquartered in Montreal, Canada.