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BABA   74.85 (-3.64%)
T   17.00 (+1.01%)
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TSE:LB

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

C$27.11
-0.21 (-0.77%)
(As of 02:21 PM ET)
Today's Range
C$27.06
C$27.42
50-Day Range
C$25.78
C$27.87
52-Week Range
C$24.92
C$48.23
Volume
56,078 shs
Average Volume
135,459 shs
Market Capitalization
C$1.18 billion
P/E Ratio
6.97
Dividend Yield
6.93%
Price Target
C$31.09

Laurentian Bank of Canada MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.85 Rating Score
Upside/​Downside
13.8% Upside
C$31.09 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.04mentions of Laurentian Bank of Canada in the last 14 days
Based on 12 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.

3.23 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

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Laurentian Bank of Canada (LB) to Release Earnings on Thursday
Laurentian Bank Of Canada (LB)
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
LB:CA Laurentian Bank of Canada
Laurentian Bank of Canada's Dividend Analysis
2 Dividend Stocks You Won’t Want to Miss
See More Headlines
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Company Calendar

Last Earnings
12/07/2023
Ex-Dividend for 2/1 Dividend
1/02/2024
Ex-Dividend for 2/1 Dividend
1/02/2024
Dividend Payable
2/01/2024
Dividend Payable
2/01/2024
Today
2/28/2024
Next Earnings (Confirmed)
2/29/2024

Industry, Sector and Symbol

Industry
Banks - Regional
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
2,941
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$31.09
High Stock Price Target
C$40.00
Low Stock Price Target
C$26.00
Potential Upside/Downside
+14.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.85
Research Coverage
13 Analysts

Profitability

Net Income
C$169.31 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$963.90 million
Cash Flow
C$166.44 per share
Book Value
C$62.70 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.19 billion
Optionable
Not Optionable
Beta
1.25
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Key Executives

  • Mr. Eric Provost
    President, CEO & Director
  • Mr. Yvan Deschamps CPA
    CGA, Executive VP & CFO
  • Mr. Kelsey Gunderson B.Sc.
    M.B.A., Executive Vice President of Capital Markets
  • Mr. Sebastien Belair
    Executive VP & COO
  • Andrew Chornenky
    Vice President of Investor Relations
  • Ms. Bindu Cudjoe
    Executive VP, Chief Legal Officer & Corporate Secretary
  • Merick Seguin
    Senior Manager of Media Relations
  • Mr. Adam Swinemar
    Senior Vice President of Digital Banking
  • Mr. Thierry Langevin
    Executive Vice President of Commercial Banking
  • Ms. Sophie Boucher
    Senior VP and Head of Personal Banking & Small-Medium Enterprises (SME)














LB Stock Analysis - Frequently Asked Questions

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

13 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, 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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?

13 brokerages have issued 1-year price objectives for Laurentian Bank of Canada's shares. Their LB share price targets range from C$26.00 to C$40.00. On average, they expect the company's stock price to reach C$31.09 in the next twelve months. This suggests a possible upside of 13.8% 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 at the start of the year. Since then, LB stock has decreased by 1.9% and is now trading at C$27.33.
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, February 29th 2024.
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 results on Thursday, December, 7th. The company reported $1.00 EPS for the quarter, missing analysts' consensus estimates of $1.13 by $0.13. The firm had revenue of $247.45 million for the quarter, compared to analyst estimates of $261.30 million. Laurentian Bank of Canada had a net margin of 18.79% and a trailing twelve-month return on equity of 6.42%.

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 Tuesday, January 2nd. Stockholders of record on Thursday, February 1st will be given a dividend of 0.47 per share on Thursday, February 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date is Tuesday, January 2nd.
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 6.98%. LB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 48.33%. 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 2/28/2024 by MarketBeat.com Staff