TSE:LB Laurentian Bank of Canada (LB) Stock Forecast, Price & News C$27.89 -0.59 (-2.07%) (As of 02:08 PM ET) Add Compare Share Share Today's RangeC$27.75▼C$28.5350-Day RangeC$28.48▼C$43.7552-Week RangeC$27.75▼C$48.23Volume123,025 shsAverage Volume192,843 shsMarket CapitalizationC$1.21 billionP/E Ratio6.23Dividend Yield6.74%Price TargetC$37.08 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesOptions ChainSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsHeadlinesOptions ChainSocial Media Laurentian Bank of Canada MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside33.5% UpsideC$37.08 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment-0.08Based on 8 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.73 out of 5 stars 4.0 Analyst's Opinion Consensus RatingLaurentian Bank of Canada has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 7 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$37.08, Laurentian Bank of Canada has a forecasted upside of 33.5% from its current price of C$27.78.Amount of Analyst CoverageLaurentian Bank of Canada has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for LB. Previous Next 2.5 Dividend Strength Dividend LeadershipLaurentian Bank of Canada is a leading dividend payer. It pays a dividend yield of 6.04%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthLaurentian Bank of Canada does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Laurentian Bank of Canada is 41.96%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for LB. Previous Next 1.1 News and Social Media Coverage News SentimentLaurentian Bank of Canada has a news sentiment score of -0.08. 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 lower news sentiment than the 0.78 average news sentiment score of Financial Services companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Laurentian Bank of Canada this week, compared to 2 articles on an average week.Search InterestOnly 4 people have searched for LB on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Laurentian Bank of Canada to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Laurentian Bank of Canada insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.12% of the stock of Laurentian Bank of Canada is held by insiders.Percentage Held by InstitutionsOnly 29.64% of the stock of Laurentian Bank of Canada is held by institutions. Previous Next 3.1 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Laurentian Bank of Canada is 6.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.65.Price to Earnings Ratio vs. SectorThe P/E ratio of Laurentian Bank of Canada is 6.20, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 285.22.Price to Earnings Growth RatioLaurentian 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 RatioLaurentian Bank of Canada has a P/B Ratio of 0.45. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Laurentian Bank of Canada (TSE:LB) StockLaurentian 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.Read More LB Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart LB Stock News HeadlinesOctober 2, 2023 | proactiveinvestors.comLaurentian Bank replaces CEO after recent IT outageOctober 2, 2023 | financialpost.comLaurentian Bank appoints Eric Provost as new CEO after computer outageOctober 3, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...October 2, 2023 | theglobeandmail.comLaurentian Bank names insider Eric Provost as CEOOctober 2, 2023 | ca.investing.comLaurentian Bank announces new CEO and Chair amid leadership shakeupOctober 2, 2023 | msn.comLaurentian Bank appoints new CEO after computer mainframe outageOctober 2, 2023 | theglobeandmail.comLaurentian Bank replaces CEO, board chair amid turmoil as review fails to find buyerOctober 2, 2023 | finance.yahoo.comLaurentian Bank Appoints Éric Provost as President and Chief Executive Officer and Michael Boychuk as ChairOctober 3, 2023 | Vector Vest (Ad)Master the Market: Free Stock Analysis + Buy/Sell/Hold Signals!Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation. September 29, 2023 | americanbankingnews.comLaurentian Bank of Canada (TSE:LB) Given Consensus Recommendation of "Hold" by BrokeragesSeptember 21, 2023 | finance.yahoo.comHere's Why We Think Laurentian Bank of Canada (TSE:LB) Might Deserve Your Attention TodaySeptember 14, 2023 | ca.investing.comLaurentian Bank concludes strategic review without finding a buyerSeptember 14, 2023 | msn.comLaurentian Bank stock drops after strategic review concludes without a dealSeptember 14, 2023 | ca.finance.yahoo.comCP NewsAlert: Laurentian Bank concludes review without deal to sell, sticks with planSeptember 14, 2023 | theglobeandmail.comLaurentian Bank says it completed review of strategic optionsSeptember 14, 2023 | msn.comLaurentian Bank concludes review without deal to sell, sticks with planSeptember 14, 2023 | marketwatch.comLaurentian Bank Chooses to Accelerate Current Strategic PlanSeptember 14, 2023 | bloomberg.comLaurentian Bank Ends Review Without a Sale, Will Go It AloneSeptember 14, 2023 | msn.comCanada's Laurentian Bank says completed review of strategic optionsSeptember 14, 2023 | finance.yahoo.comLaurentian Bank Concludes Review of Strategic OptionsSeptember 5, 2023 | finance.yahoo.comLaurentian Bank's third annual grassroots donations campaign makes again a meaningful difference in local communitiesAugust 18, 2023 | msn.comBanking on Success: 2 Financial Stocks That Still Have Room to GrowAugust 16, 2023 | theglobeandmail.comClosing Bell: Laurentian Bank of Cda Pr Ser 13 flat on Tuesday (LB-PR-H)August 11, 2023 | financialpost.com'The sick puppy': Why Laurentian has struggled in a golden age for Canadian banksAugust 11, 2023 | finance.yahoo.comLaurentian Bank to Announce Third Quarter 2023 Results on August 31, 2023August 8, 2023 | msn.com1 Bank to Buy and 1 to Avoid in August 2023July 17, 2023 | theglobeandmail.comBoC rate hikes, fallout from B.C. port strike and Laurentian Bank for sale: Business and investing news for July 16See More Headlines Receive LB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Laurentian Bank of Canada and its competitors with MarketBeat's FREE daily newsletter. Email Address LB Company Calendar Ex-Dividend for 8/1 Dividend6/30/2023Dividend Payable8/01/2023Last Earnings8/31/2023Ex-Dividend for 11/1 Dividend9/28/2023Today10/03/2023Dividend Payable11/01/2023Next Earnings (Estimated)12/08/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Banks—Regional Sub-IndustryN/A SectorFinancial Services Current SymbolTSE:LB CUSIPN/A CIKN/A Webwww.laurentianbank.ca Phone+1-514-2844500FaxN/AEmployees3,000Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$37.08 High Stock Price ForecastC$45.00 Low Stock Price ForecastC$32.00 Forecasted Upside/Downside+30.2%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)C$4.48 Trailing P/E Ratio6.36 Forward P/E Ratio5.85 P/E Growth0.76Net IncomeC$194.34 million Net Margins21.20% Pretax MarginN/A Return on Equity7.43% Return on Assets0.41% Debt Debt-to-Equity RatioN/A Current RatioN/A Quick RatioN/A Sales & Book Value Annual SalesC$972.42 million Price / Sales1.28 Cash FlowC$174.08 per share Price / Cash Flow0.16 Book ValueC$61.97 per share Price / Book0.46Miscellaneous Outstanding Shares43,560,000Free FloatN/AMarket CapC$1.24 billion OptionableOptionable Beta1.21 Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMs. Rania Llewellyn (Age 46)Pres, CEO & Non-Independent Director Comp: $2.03MMr. Yvan Deschamps CPACGA, Exec. VP & CFOMr. Eric ProvostGroup Head of Personal & Commercial BankingMr. William MasonExec. VP & Chief Risk OfficerMr. Kelsey Gunderson B.Sc.M.B.A., Exec. VP of Capital MarketsMr. André LoprestiSr. VP & Chief AccountantMr. Sebastien BelairExec. VP & Chief Admin. OfficerAndrew ChornenkyVP of Investor RelationsMs. Bindu CudjoeExec. VP, Chief Legal Officer & Corp. Sec.Merick SeguinSr. Mang. of Media RelationsMore ExecutivesKey CompetitorsCanadian Western BankTSE:CWBEQBTSE:EQBTrisura GroupTSE:TSUClairvest GroupTSE:CVGUnited Co.sTSE:UNCView All Competitors LB Stock - Frequently Asked Questions Should I buy or sell Laurentian Bank of Canada stock right now? 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Laurentian Bank of Canada in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" LB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LB, but not buy additional shares or sell existing shares. View LB analyst ratings or view top-rated stocks. What is Laurentian Bank of Canada's stock price forecast for 2023? 11 analysts have issued 1-year target prices for Laurentian Bank of Canada's shares. Their LB share price forecasts range from C$32.00 to C$45.00. On average, they anticipate the company's share price to reach C$37.08 in the next year. This suggests a possible upside of 30.2% 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 2023? Laurentian Bank of Canada's stock was trading at C$32.30 at the start of the year. Since then, LB shares have decreased by 11.8% and is now trading at C$28.48. View the best growth stocks for 2023 here. When is Laurentian Bank of Canada's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, December 8th 2023. View our LB earnings forecast. How were Laurentian Bank of Canada's earnings last quarter? Laurentian Bank of Canada (TSE:LB) issued its quarterly earnings data on Thursday, August, 31st. The company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.07. The company earned $260.83 million during the quarter, compared to analyst estimates of $263.60 million. Laurentian Bank of Canada had a trailing twelve-month return on equity of 7.43% and a net margin of 21.20%. How often does Laurentian Bank of Canada pay dividends? What is the dividend yield for Laurentian Bank of Canada? Laurentian Bank of Canada declared a quarterly dividend on Thursday, September 28th. Shareholders of record on Wednesday, November 1st will be paid a dividend of 0.47 per share on Wednesday, November 1st. This represents a $1.88 annualized dividend and a dividend yield of 6.60%. The ex-dividend date is Thursday, September 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 6.04%. LB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 41.96%. 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 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). 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 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. What is Laurentian Bank of Canada's stock price today? One share of LB stock can currently be purchased for approximately C$28.48. How much money does Laurentian Bank of Canada make? Laurentian Bank of Canada (TSE:LB) has a market capitalization of C$1.24 billion and generates C$972.42 million in revenue each year. The company earns C$194.34 million in net income (profit) each year or C$4.48 on an earnings per share basis. How many employees does Laurentian Bank of Canada have? The company employs 3,000 workers across the globe. 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 official website for the company is www.laurentianbank.ca. The company can be reached via phone at +1-514-2844500. This page (TSE:LB) was last updated on 10/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Laurentian Bank of Canada Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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