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TSE:LB

Laurentian Bank of Canada - LB Stock Forecast, Price & News

C$42.58
-0.03 (-0.07%)
(As of 08/17/2022 04:15 PM ET)
Add
Compare
Today's Range
C$42.33
C$42.66
50-Day Range
C$38.19
C$42.74
52-Week Range
C$36.54
C$45.29
Volume
61,043 shs
Average Volume
188,817 shs
Market Capitalization
C$1.84 billion
P/E Ratio
29.78
Dividend Yield
4.22%
Price Target
C$46.45
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 company offers notice, demand, and term deposits; commercial, residential mortgage, and personal loans; real estate, and equipment and inventory financing; and credit life and disability insurance products. It also provides investment securities services; research, market analysis, and advisory services; corporate underwriting services for debt and equity; and administrative, foreign exchange, and trustee services. The company sells its products through the bank's financial clinics, advisors, broker channels, and digital platforms. Laurentian Bank of Canada was founded in 1846 and is headquartered in Montréal, Canada.

Laurentian Bank of Canada Stock Up 0.7 %

TSE:LB opened at C$42.61 on Wednesday. The firm has a market cap of C$1.84 billion and a price-to-earnings ratio of 29.80. The business has a 50-day moving average price of C$40.56 and a 200-day moving average price of C$41.04. Laurentian Bank of Canada has a twelve month low of C$36.54 and a twelve month high of C$45.29.

Laurentian Bank of Canada (TSE:LB - Get Rating) last released its quarterly earnings data on Wednesday, June 1st. The company reported C$1.39 earnings per share for the quarter, topping analysts' consensus estimates of C$1.16 by C$0.23. The business had revenue of C$259.60 million during the quarter, compared to the consensus estimate of C$250.35 million. Research analysts expect that Laurentian Bank of Canada will post 5.3000003 EPS for the current fiscal year.

Laurentian Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 1st. Investors of record on Monday, July 4th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, June 30th. This is a positive change from Laurentian Bank of Canada's previous quarterly dividend of $0.44. This represents a $1.80 dividend on an annualized basis and a yield of 4.22%. Laurentian Bank of Canada's dividend payout ratio is presently 117.48%.

Wall Street Analyst Weigh In

LB has been the topic of several analyst reports. Credit Suisse Group boosted their target price on Laurentian Bank of Canada to C$42.00 and gave the stock a "sell" rating in a report on Thursday, June 2nd. National Bankshares boosted their target price on Laurentian Bank of Canada from C$49.00 to C$53.00 and gave the stock a "sector perform" rating in a report on Thursday, June 2nd. Barclays decreased their price target on Laurentian Bank of Canada from C$46.00 to C$40.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 11th. Keefe, Bruyette & Woods decreased their price target on Laurentian Bank of Canada from C$44.00 to C$43.00 in a research note on Monday, August 8th. Finally, CSFB boosted their price target on Laurentian Bank of Canada from C$39.00 to C$43.00 in a research note on Thursday, June 2nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Laurentian Bank of Canada currently has an average rating of "Hold" and an average target price of C$46.45.

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LB Stock News Headlines

Laurentian Bank stock gained on Friday.
Laurentian Bank of Canada Pref H (LB_ph)
Laurentian Bank of Canada increases its prime rate
Stocks in play: Laurentian Bank of Canada
2 Bank Stocks Yielding up to 4.4% to Buy After Earnings
Millennials: 2 Cheap Bank Stocks to Buy Now
See More Headlines
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LB Company Calendar

Last Earnings
6/01/2022
Ex-Dividend for 8/1 Dividend
6/30/2022
Dividend Payable
8/01/2022
Today
8/17/2022
Next Earnings (Estimated)
9/07/2022

Industry, Sector and Symbol

Industry
Banks - Regional - Canada
Sub-Industry
N/A
Sector
Finance
CIK
N/A
Fax
N/A
Employees
2,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$46.45
High Stock Price Forecast
C$53.00
Low Stock Price Forecast
C$40.00
Forecasted Upside/Downside
+9.1%
Consensus Rating
Hold
Rating Score (0-4)
1.80
Research Coverage
10 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$969.76 million
Cash Flow
C$185.70 per share
Book Value
C$59.40 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.84 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Ms. Rania Llewellyn (Age 45)
    Pres, CEO & Director
    Comp: $2.32M
  • Mr. Yvan Deschamps CPA
    CGA, Exec. VP & CFO
  • Mr. Yves Denomme
    Exec. VP of Operations
  • 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
  • Ms. Susan Cohen
    Director of Investor Relations
  • Ms. Bindu Cudjoe
    Chief Legal Officer & Corp. Sec.
  • Merick Seguin
    Sr. Mang. of Media Relations
  • Mr. Sebastien Belair
    Exec. VP & Chief HR Officer













LB Stock - Frequently Asked Questions

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

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Laurentian Bank of Canada in the last year. There are currently 3 sell ratings, 6 hold ratings and 1 buy rating 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 2022?

10 equities research analysts have issued 12-month price objectives for Laurentian Bank of Canada's stock. Their LB share price forecasts range from C$40.00 to C$53.00. On average, they expect the company's stock price to reach C$46.45 in the next twelve months. This suggests a possible upside of 9.0% 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 2022?

Laurentian Bank of Canada's stock was trading at C$40.17 at the beginning of 2022. Since then, LB stock has increased by 6.1% and is now trading at C$42.61.
View the best growth stocks for 2022 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, September 7th 2022.
View our LB earnings forecast
.

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

Laurentian Bank of Canada (TSE:LB) posted its quarterly earnings results on Wednesday, June, 1st. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.23. The firm had revenue of $259.60 million for the quarter, compared to the consensus estimate of $250.35 million.

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 Wednesday, June 1st. Shareholders of record on Monday, July 4th will be given a dividend of 0.45 per share on Monday, August 1st. This represents a $1.80 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Thursday, June 30th. This is a positive change from the stock's previous quarterly dividend of C$0.44.
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$1.68 per share and currently has a dividend yield of 4.25%. LB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 117.48%. Payout ratios above 75% are not desirable because they may not be sustainable.
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$42.61.

How much money does Laurentian Bank of Canada make?

Laurentian Bank of Canada (TSE:LB) has a market capitalization of C$1.84 billion and generates C$969.76 million in revenue each year.

How many employees does Laurentian Bank of Canada have?

The company employs 2,900 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 8/17/2022 by MarketBeat.com Staff

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