Should I buy or sell Laurentian Bank of Canada stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Laurentian Bank of Canada in the last twelve months. There are currently 3 sell ratings, 10 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" LB shares. View LB analyst ratings or view top-rated stocks .

What is Laurentian Bank of Canada's stock price target for 2024?

14 Wall Street analysts have issued 1-year price objectives for Laurentian Bank of Canada's stock. Their LB share price targets range from C$24.00 to C$39.00. On average, they predict the company's stock price to reach C$28.70 in the next twelve months. This suggests a possible upside of 11.5% from the stock's current price. View analysts price targets for LB or view top-rated stocks among Wall Street analysts .

How have LB shares performed in 2024?

Laurentian Bank of Canada's stock was trading at C$27.87 on January 1st, 2024. Since then, LB shares have decreased by 7.7% and is now trading at C$25.73. View the best growth stocks for 2024 here .

When is Laurentian Bank of Canada's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024. View our LB earnings forecast .

How were Laurentian Bank of Canada's earnings last quarter?

Laurentian Bank of Canada (TSE:LB) released its quarterly earnings data on Thursday, February, 29th. The company reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by $0.02. The firm earned $258.34 million during the quarter, compared to analysts' expectations of $257.80 million. Laurentian Bank of Canada had a trailing twelve-month return on equity of 5.84% and a net margin of 17.33%.

How often does Laurentian Bank of Canada pay dividends? What is the dividend yield for Laurentian Bank of Canada?

Laurentian Bank of Canada announced a quarterly dividend on Thursday, March 28th. Stockholders of record on Wednesday, May 1st will be given a dividend of 0.47 per share on Wednesday, May 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date of this dividend is Thursday, March 28th. Read our dividend analysis for LB .

Is Laurentian Bank of Canada a good dividend stock?

Laurentian Bank of Canada (TSE:LB) pays an annual dividend of C$1.88 per share and currently has a dividend yield of 6.60%. LB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 52.96%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for LB .

What other stocks do shareholders of Laurentian Bank of Canada own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Laurentian Bank of Canada investors own include Xtrackers California Municipal Bond ETF (CA) , Hawkins (HWKN) , BlackRock (BLK) , Endologix (ELGX) , Intact Financial (IFC) , Constellation Software (CSU) , Athabasca Oil (ATH) , Chipotle Mexican Grill (CMG) , Aegean Marine Petroleum Network (ANW) and NIC (EGOV) .

How do I buy shares of Laurentian Bank of Canada?

Shares of LB stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:LB

Laurentian Bank of Canada (LB) Stock Price, News & Analysis

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Free LB Stock Alerts

C$25.80

+0.07 (+0.27%)

(As of 10:14 AM ET)

Compare

Today's Range: C$25.60
▼
C$25.85
50-Day Range: C$25.42
▼
C$29.23
52-Week Range: C$24.92
▼
C$48.23

Volume: 9,247 shs
Average Volume: 191,198 shs
Market Capitalization: C$1.13 billion

P/E Ratio: 7.27
Dividend Yield: 7.29%
Price Target: C$28.70

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Get Laurentian Bank of Canada alerts:

Laurentian Bank of Canada MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.86 Rating Score
Upside/Downside: 11.5% Upside
C$28.70 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.46
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.41 out of 5 stars

2.9

Analyst's Opinion

Consensus Rating
Laurentian Bank of Canada has received a consensus rating of Reduce. The company's average rating score is 1.86, and is based on 1 buy rating, 10 hold ratings, and 3 sell ratings.
Amount of Analyst Coverage
Laurentian Bank of Canada has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for LB.

2.5

Dividend Strength

Dividend Leadership
Laurentian Bank of Canada is a leading dividend payer. It pays a dividend yield of 6.60%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Laurentian Bank of Canada does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Laurentian Bank of Canada is 52.96%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LB.

3.0

News and Social Media Coverage

News Sentiment
Laurentian Bank of Canada has a news sentiment score of 1.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Laurentian Bank of Canada this week, compared to 2 articles on an average week.
Search Interest
14 people have searched for LB on MarketBeat in the last 30 days. This is an increase of 27% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Laurentian Bank of Canada to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Laurentian Bank of Canada insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.08% of the stock of Laurentian Bank of Canada is held by insiders.
Percentage Held by Institutions
Only 27.18% of the stock of Laurentian Bank of Canada is held by institutions.

3.1

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Laurentian Bank of Canada is 7.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Laurentian Bank of Canada is 7.25, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 460.66.
Price to Earnings Growth Ratio
Laurentian Bank of Canada has a PEG Ratio of 0.76. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Laurentian Bank of Canada has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Laurentian Bank of Canada Stock (TSE:LB)

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to personal, business, and institutional customers in Canada and the United States. It operates through three segments: Personal Banking, Commercial Banking, and Capital Markets. The Personal Banking segment offers financial services, such as financial advisory services to financial intermediaries; and operates digital direct-to-customer platform to retail clients. The Commercial Banking segment provides financial services, including commercial banking, real estate financing, and equipment and inventory financing to business clients. The Capital Markets segment offers a range of services, such as research, market analysis, and advisory services; corporate underwriting services for debt and equity; and administrative services. The company was founded in 1846 and is headquartered in Montreal, Canada.

LB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

LB Stock News Headlines

April 18, 2024 | finance.yahoo.com

Laurentian Bank of Canada announces conversion privilege of Non-Cumulative Class A Preferred Shares, Series 13

April 16, 2024 | americanbankingnews.com

Laurentian Bank of Canada (TSE:LB) Receives Average Rating of "Reduce" from Brokerages

April 19, 2024 | WealthPress (Ad)

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April 9, 2024 | finance.yahoo.com

LAURENTIAN BANK ANNOUNCES THE ELECTION OF ITS DIRECTORS

April 9, 2024 | americanbankingnews.com

Laurentian Bank of Canada (TSE:LB) Shares Cross Above 200 Day Moving Average of $26.91

April 5, 2024 | theglobeandmail.com

Stocks Positive on Day, Week

April 4, 2024 | bloomberg.com

Laurentian Bank to Sell $1.5 Billion in Wealth-Management Assets

March 30, 2024 | msn.com

Laurentian University’s new president looks forward to tenure

April 19, 2024 | WealthPress (Ad)

Chances are you know the firms on this list

March 28, 2024 | finance.yahoo.com

Laurentian Bank of Canada (LB.TO)

March 28, 2024 | msn.com

Frustration for some of Bankman-Fried's victims who hoped for stiffer sentence

March 14, 2024 | msn.com

Martin Lewis urges everyone born between these years to put £1 in bank account now

March 5, 2024 | wsj.com

Laurentian Bank of Canada 4.3% Pfd. Cl A Series 13

March 2, 2024 | seekingalpha.com

Laurentian Bank of Canada (LRCDF) Q1 2024 Earnings Call Transcript

February 29, 2024 | theglobeandmail.com

Laurentian Bank reports $37.3-million quarterly profit, down from $51.9-million a year earlier

February 29, 2024 | ca.finance.yahoo.com

Laurentian Bank reports $37.3M Q1 profit, down from $51.9M a year earlier

February 28, 2024 | finance.yahoo.com

/R E P E A T -- Laurentian Bank to Announce First Quarter 2024 Results on February 29, 2024/

February 22, 2024 | forbes.com

Laurentian Bank Review 2024: A Well-Rounded Regional Bank

February 8, 2024 | uk.investing.com

Laurentian Bank Of Canada (LB)

February 6, 2024 | msn.com

U.S. lenders, business groups sue bank regulators over updated fair lending rules

February 2, 2024 | msn.com

L.A.'s 'bank to the stars' is fined $65 million for lapses in its risk controls

January 21, 2024 | msn.com

Toronto Argonauts Trim Down List Of Pending Free Agents, Re-Sign WR Richie Sindani

January 21, 2024 | msn.com

Canada's banking regulator to deepen focus on money laundering issues

January 9, 2024 | seekingalpha.com

LB:CA Laurentian Bank of Canada

January 3, 2024 | finance.yahoo.com

/R E P E A T -- Éric Provost, President and CEO of Laurentian Bank to speak at the RBC Capital Markets Canadian Bank CEO Conference/

January 1, 2024 | finance.yahoo.com

Laurentian Bank of Canada's Dividend Analysis

December 23, 2023 | investing.com

Laurentian Bank Of Canada (LB) Earnings Dates & Reports

See More Headlines

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Company Calendar

Ex-Dividend for 2/1 Dividend: 1/02/2024
Dividend Payable: 2/01/2024
Last Earnings: 2/29/2024
Ex-Dividend for 5/1 Dividend: 3/28/2024
Today: 4/19/2024
Dividend Payable: 5/01/2024
Next Earnings (Estimated): 6/06/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Financial Services
Industry: Banks - Regional
Sub-Industry: N/A
Current Symbol: TSE:LB
CUSIP: N/A
CIK: N/A
Web: www.laurentianbank.ca
Phone: +1-514-2844500
Fax: N/A
Employees: 3,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$28.70
High Stock Price Target: C$39.00
Low Stock Price Target: C$24.00
Potential Upside/Downside: +11.5%
Consensus Rating: Reduce
Rating Score (0-4): 1.86
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$3.55
Trailing P/E Ratio: 7.25
Forward P/E Ratio: 6.76
P/E Growth: 0.76
Net Income: C$154.68 million
Net Margins: 17.33%
Pretax Margin: N/A
Return on Equity: 5.84%
Return on Assets: 0.34%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: C$960.71 million
Price / Sales: 1.17
Cash Flow: C$157.27 per share
Price / Cash Flow: 0.16
Book Value: C$63.21 per share
Price / Book: 0.41

Miscellaneous

Outstanding Shares: 43,730,000
Free Float: N/A
Market Cap: C$1.13 billion
Optionable: Not Optionable
Beta: 1.27

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Key Executives

Mr. Eric Provost (Age 49)
President, CEO & Director
Comp: $1.18M
Mr. Yvan Deschamps CPA
CGA, Executive VP & CFO
Mr. Sebastien Belair
Executive VP & COO
Mr. William James Alexander Mason
Executive VP & Chief Risk Officer
Mr. Benoit Bertrand
Chief Information Officer
Andrew Chornenky
Vice President of Investor Relations
Ms. Bindu Cudjoe
Executive VP, Chief Legal Officer & Corporate Secretary
Merick Seguin
Senior Manager of Media Relations
Ms. Macha Pohu
Chief Human Resources Officer
Mr. Adam Swinemar
Senior Vice President of Digital Banking

Key Competitors

View All Competitors

LB Stock Analysis - Frequently Asked Questions

Should I buy or sell Laurentian Bank of Canada stock right now?: 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Laurentian Bank of Canada in the last twelve months. There are currently 3 sell ratings, 10 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" LB shares.
View LB analyst ratings or view top-rated stocks.
What is Laurentian Bank of Canada's stock price target for 2024?: 14 Wall Street analysts have issued 1-year price objectives for Laurentian Bank of Canada's stock. Their LB share price targets range from C$24.00 to C$39.00. On average, they predict the company's stock price to reach C$28.70 in the next twelve months. This suggests a possible upside of 11.5% from the stock's current price.
View analysts price targets for LB or view top-rated stocks among Wall Street analysts.
How have LB shares performed in 2024?: Laurentian Bank of Canada's stock was trading at C$27.87 on January 1st, 2024. Since then, LB shares have decreased by 7.7% and is now trading at C$25.73.
View the best growth stocks for 2024 here.
When is Laurentian Bank of Canada's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024.
View our LB earnings forecast.
How were Laurentian Bank of Canada's earnings last quarter?: Laurentian Bank of Canada (TSE:LB) released its quarterly earnings data on Thursday, February, 29th. The company reported $0.91 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by $0.02. The firm earned $258.34 million during the quarter, compared to analysts' expectations of $257.80 million. Laurentian Bank of Canada had a trailing twelve-month return on equity of 5.84% and a net margin of 17.33%.

How often does Laurentian Bank of Canada pay dividends? What is the dividend yield for Laurentian Bank of Canada?: Laurentian Bank of Canada announced a quarterly dividend on Thursday, March 28th. Stockholders of record on Wednesday, May 1st will be given a dividend of 0.47 per share on Wednesday, May 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date of this dividend is Thursday, March 28th.
Read our dividend analysis for LB.
Is Laurentian Bank of Canada a good dividend stock?: Laurentian Bank of Canada (TSE:LB) pays an annual dividend of C$1.88 per share and currently has a dividend yield of 6.60%. LB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 52.96%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for LB.
What other stocks do shareholders of Laurentian Bank of Canada own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Laurentian Bank of Canada investors own include Xtrackers California Municipal Bond ETF (CA), Hawkins (HWKN), BlackRock (BLK), Endologix (ELGX), Intact Financial (IFC), Constellation Software (CSU), Athabasca Oil (ATH), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW) and NIC (EGOV).
How do I buy shares of Laurentian Bank of Canada?: Shares of LB stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:LB) was last updated on 4/19/2024 by MarketBeat.com Staff

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Laurentian Bank of Canada (LB) Stock Price, News & Analysis

Laurentian Bank of Canada MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Laurentian Bank of Canada Stock (TSE:LB)

LB Stock Price History

LB Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

LB Stock Analysis - Frequently Asked Questions

Overall MarketRank^™