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TSE:LB

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

C$27.89
-0.59 (-2.07%)
(As of 02:08 PM ET)
Compare
Today's Range
C$27.75
C$28.53
50-Day Range
C$28.48
C$43.75
52-Week Range
C$27.75
C$48.23
Volume
123,025 shs
Average Volume
192,843 shs
Market Capitalization
C$1.21 billion
P/E Ratio
6.23
Dividend Yield
6.74%
Price Target
C$37.08

Laurentian Bank of Canada MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
33.5% Upside
C$37.08 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.08mentions of Laurentian Bank of Canada in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

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


LB stock logo

About Laurentian Bank of Canada (TSE:LB) Stock

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 Price History

LB Stock News Headlines

Laurentian Bank replaces CEO after recent IT outage
Laser breakthrough could send stock soaring 2,467%
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Laurentian Bank names insider Eric Provost as CEO
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Laurentian Bank says it completed review of strategic options
Laurentian Bank Concludes Review of Strategic Options
See More Headlines
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LB Company Calendar

Ex-Dividend for 8/1 Dividend
6/30/2023
Dividend Payable
8/01/2023
Last Earnings
8/31/2023
Ex-Dividend for 11/1 Dividend
9/28/2023
Today
10/03/2023
Dividend Payable
11/01/2023
Next Earnings (Estimated)
12/08/2023

Industry, Sector and Symbol

Industry
Banks—Regional
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
3,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$37.08
High Stock Price Forecast
C$45.00
Low Stock Price Forecast
C$32.00
Forecasted Upside/Downside
+30.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
11 Analysts

Profitability

Net Income
C$194.34 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$972.42 million
Cash Flow
C$174.08 per share
Book Value
C$61.97 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.24 billion
Optionable
Optionable
Beta
1.21
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Key Executives

  • Ms. Rania Llewellyn (Age 46)
    Pres, CEO & Non-Independent Director
    Comp: $2.03M
  • Mr. Yvan Deschamps CPA
    CGA, Exec. VP & CFO
  • Mr. Eric Provost
    Group Head of Personal & Commercial Banking
  • Mr. William Mason
    Exec. VP & Chief Risk Officer
  • Mr. Kelsey Gunderson B.Sc.
    M.B.A., Exec. VP of Capital Markets
  • Mr. André Lopresti
    Sr. VP & Chief Accountant
  • Mr. Sebastien Belair
    Exec. VP & Chief Admin. Officer
  • Andrew Chornenky
    VP of Investor Relations
  • Ms. Bindu Cudjoe
    Exec. VP, Chief Legal Officer & Corp. Sec.
  • Merick Seguin
    Sr. Mang. of Media Relations













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

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