The Senior Officer of Laurentian Bank (Other OTC: LRCDF) is Selling Shares

Yesterday, the Senior Officer of Laurentian Bank (LRCDFResearch Report), William James Alexander Mason, sold shares of LRCDF for $456.2K.

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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 200.

Based on 9 analyst ratings, the analyst consensus is Hold with an average price target of $38.23, reflecting a -4.8% downside.

In the last 30 days, insiders have sold $456.2K worth of LRCDF shares and purchased $53.36K worth of LRCDF shares. The insider sentiment on Laurentian Bank has been positive according to 29 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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.