TSE:LBLaurentian Bank of Canada Stock Price, Forecast & News

C$30.80

+0.22 (+0.72 %)

(As of 04/8/2020 04:00 PM ET)

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Today's Range

C$30.00

Now: C$30.80▼

C$30.94

50-Day Range

C$26.97

MA: C$34.37▼

C$44.15

52-Week Range

C$26.83

Now: C$30.80▼

C$46.99

Volume396,206 shs

Average Volume327,027 shs

Market CapitalizationC$1.32 billion

P/E Ratio8.63

Dividend Yield8.76%

BetaN/A

Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance solutions. It also provides investment products, including fixed-rate investments, indexed investments, mutual funds, systematic savings plans, retirement projection plans, registered plans, bank securities, deposit-insurance, and power-of-attorneys; short-term and long-term investment solutions; and guaranteed investment certificates, as well as offers credit insurance products. In addition, the company offers leasing solutions, cash management and international services, and electronic banking services. Laurentian Bank of Canada was founded in 1846 and is headquartered in Montréal, Canada.

Beat the Market (BTM) Rank^™

1.8 Analyst's Opinion

Consensus Rating
Laurentian Bank of Canada has received a consensus rating of Hold. The company's average rating score is 1.57, and is based on no buy ratings, 4 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$35.30, Laurentian Bank of Canada has a potential upside of 14.6% from its current price of C$30.80.
Amount of Analyst Coverage
Laurentian Bank of Canada has only been the subject of 4 research reports in the past 90 days.

1.5 Community Rank

Outperform Votes
Laurentian Bank of Canada has received 303 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Laurentian Bank of Canada has received 691 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Laurentian Bank of Canada has received 69.52% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Laurentian Bank of Canada and other stocks. Vote “Outperform” if you believe LB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe LB will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Laurentian Bank of Canada is a leading dividend payer. It pays a dividend yield of 8.76%, 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 73.99 %. This payout ratio is at a healthy, sustainable level, below 75%.

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.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Laurentian Bank of Canada are expected to decrease by -100.00% in the coming year, from C$3.84 to C$0.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Laurentian Bank of Canada is 8.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 12.25.
Price to Earnings Ratio vs. Sector
The P/E ratio of Laurentian Bank of Canada is 8.63, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 13.00.
Price to Earnings Growth Ratio
Laurentian Bank of Canada has a PEG Ratio of 7.07. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Laurentian Bank of Canada has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.53 out of 5 stars

Industry, Sector and Symbol

Stock Exchange TSE

Industry Banks - Regional - Canada

Sub-IndustryN/A

SectorFinancial Services

Current SymbolTSE:LB

Previous Symbol

CUSIPN/A

CIKN/A

Webhttp://www.laurentianbank.ca/

Phone+1-514-2844500

Debt

Debt-to-Equity RatioN/A

Current RatioN/A

Quick RatioN/A

Price-To-Earnings

Trailing P/E Ratio8.63

Forward P/E Ratio8.02

P/E Growth7.07

Sales & Book Value

Annual SalesC$916.08 million

Price / Sales1.44

Cash FlowC$161.00 per share

Price / Cash Flow0.19

Book ValueC$54.49 per share

Price / Book0.57

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Employees3,559

Outstanding Shares42,748,000

Market CapC$1.32 billion

Next Earnings Date6/4/2020 (Estimated)

OptionableOptionable

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Laurentian Bank of Canada (TSE:LB) Frequently Asked Questions

How has Laurentian Bank of Canada's stock been impacted by COVID-19 (Coronavirus)?

Laurentian Bank of Canada's stock was trading at C$32.62 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, LB shares have decreased by 5.6% and is now trading at C$30.80. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Laurentian Bank of Canada?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laurentian Bank of Canada in the last year. There are currently 3 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Laurentian Bank of Canada.

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

Laurentian Bank of Canada is scheduled to release its next quarterly earnings announcement on Thursday, June 4th 2020. View our earnings forecast for Laurentian Bank of Canada.

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

Laurentian Bank of Canada (TSE:LB) announced its earnings results on Friday, February, 28th. The company reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by $0.26. The company earned $238.71 million during the quarter, compared to analysts' expectations of $247.80 million. View Laurentian Bank of Canada's earnings history.

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, February 27th. Stockholders of record on Wednesday, April 1st will be given a dividend of 0.67 per share on Friday, May 1st. This represents a $2.68 annualized dividend and a dividend yield of 8.70%. The ex-dividend date of this dividend is Tuesday, March 31st. View Laurentian Bank of Canada's dividend history.

What price target have analysts set for LB?

7 brokers have issued 12-month target prices for Laurentian Bank of Canada's stock. Their forecasts range from C$23.00 to C$46.00. On average, they expect Laurentian Bank of Canada's stock price to reach C$35.30 in the next twelve months. This suggests a possible upside of 14.6% from the stock's current price. View analysts' price targets for Laurentian Bank of Canada.

Has Laurentian Bank of Canada been receiving favorable news coverage?

Media coverage about LB stock has been trending very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Laurentian Bank of Canada earned a news impact score of -3.3 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutLaurentian Bank of Canada.

Who are some of Laurentian Bank of Canada's key competitors?

Some companies that are related to Laurentian Bank of Canada include Argo Investments (ARG), ONEX (ONEX), Standard Life Aberdeen (SLA), DWS Group & GmbH Co KgaA (DWS), JANUS/IDR UNRESTR (JHG), Industrial Alliance Insur. & Fin. Ser. (IAG), Commerzbank (CBK), St. James's Place (STJ), Phoenix Group (PHNX), Jardine Lloyd Thompson Group (JLT), RSA Insurance Group (RSA), CYBG PLC/IDR UNRESTR (CYB), Element Fleet Management (EFN), M&G (MNG) and Intermediate Capital Group (ICP).

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 CA (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).

Who are Laurentian Bank of Canada's key executives?

Laurentian Bank of Canada's management team includes the following people:

Mr. François Desjardins, Pres, CEO & Director (Age 48)
Mr. François Laurin C.F.A., F.C.A., FCPA, FCA, CFA, CA, Exec. VP of Fin., Treasury, Capital Markets & CFO (Age 59)
Ms. Deborah Rose, Exec. VP, COO & Chief Information Officer
Mr. Stéphane Therrien, Exec. VP of Personal & Commercial Banking
Mr. André Lopresti, Sr. VP & Chief Accountant

What is Laurentian Bank of Canada's stock symbol?

Laurentian Bank of Canada trades on the Toronto Stock Exchange (TSX) under the ticker symbol "LB."

How do I buy shares of Laurentian Bank of Canada?

Shares of LB and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

What is Laurentian Bank of Canada's stock price today?

One share of LB stock can currently be purchased for approximately C$30.80.

How big of a company is Laurentian Bank of Canada?

Laurentian Bank of Canada has a market capitalization of C$1.32 billion and generates C$916.08 million in revenue each year. Laurentian Bank of Canada employs 3,559 workers across the globe. View additional information about Laurentian Bank of Canada.

What is Laurentian Bank of Canada's official website?

The official website for Laurentian Bank of Canada is http://www.laurentianbank.ca/.

How can I contact Laurentian Bank of Canada?

Laurentian Bank of Canada's mailing address is Tour Banque Laurentienne 1420-1981 McGill College Ave, MONTREAL, QC H3A 3K3, Canada. The company can be reached via phone at +1-514-2844500.

This page was last updated on 4/8/2020 by MarketBeat.com Staff

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TSE:LBLaurentian Bank of Canada Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

1.8 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage

1.5 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment