TSE:LB

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

C$25.94
+0.19 (+0.74%)
(As of 04/22/2024 ET)
Today's Range
C$25.64
C$26.04
50-Day Range
C$25.42
C$29.23
52-Week Range
C$24.92
C$48.23
Volume
133,327 shs
Average Volume
191,976 shs
Market Capitalization
C$1.13 billion
P/E Ratio
7.31
Dividend Yield
7.25%
Price Target
C$28.70

Laurentian Bank of Canada MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.86 Rating Score
Upside/​Downside
10.6% Upside
C$28.70 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.46mentions of Laurentian Bank of Canada in the last 14 days
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.

3.34 out of 5 stars

LB stock logo

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

LB Stock News Headlines

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Laurentian Bank of Canada's Dividend Analysis
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
4/22/2024
Dividend Payable
5/01/2024
Next Earnings (Estimated)
6/06/2024

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 Target
C$28.70
High Stock Price Target
C$39.00
Low Stock Price Target
C$24.00
Potential Upside/Downside
+10.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.86
Research Coverage
14 Analysts

Profitability

Net Income
C$154.68 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$960.71 million
Cash Flow
C$158.56 per share
Book Value
C$63.21 per share

Miscellaneous

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

LB Stock Analysis - Frequently Asked Questions

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

14 Wall Street 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 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 brokerages have issued 1 year price targets 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 share price to reach C$28.70 in the next twelve months. This suggests a possible upside of 10.6% 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 6.9% and is now trading at C$25.94.
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) posted its earnings results 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 business had revenue of $258.34 million for the quarter, compared to the consensus estimate of $257.80 million. Laurentian Bank of Canada had a net margin of 17.33% and a trailing twelve-month return on equity of 5.84%.

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, March 28th. Stockholders of record on Wednesday, May 1st will be paid a dividend of 0.47 per share on Wednesday, May 1st. This represents a $1.88 annualized dividend and a dividend yield of 7.25%. The ex-dividend date 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 4/23/2024 by MarketBeat.com Staff

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