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TSE:LBLaurentian Bank of Canada Stock Price, Forecast & News

C$27.23
+0.52 (+1.95 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
C$26.25
Now: C$27.23▼
C$27.26
50-Day Range
C$26.55
MA: C$28.28▼
C$30.82
52-Week Range
C$26.25
Now: C$27.23▼
C$46.99
Volume323,651 shs
Average Volume342,193 shs
Market CapitalizationC$1.17 billion
P/E Ratio9.92
Dividend Yield5.98%
BetaN/A
Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance solutions. It also provides investment products, including fixed-rate investments, indexed investments, mutual funds, systematic savings plans, retirement projection plans, registered plans, bank securities, deposit-insurance, and power-of-attorneys; short-term and long-term investment solutions; and guaranteed investment certificates, as well as offers credit insurance products. In addition, the company offers leasing solutions, cash management and international services, and electronic banking services. Laurentian Bank of Canada was founded in 1846 and is headquartered in Montréal, Canada.
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Laurentian Bank of Canada logo

Beat the Market (BTM) Rank™

Analyst Opinion: 1.8Community Rank: 1.5Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.38 out of 5 stars


Industry, Sector and Symbol

Stock Exchange TSE
Industry Banks - Regional - Canada
Sub-IndustryN/A
SectorFinancial Services
Current SymbolTSE:LB
Previous Symbol
CUSIPN/A
CIKN/A
Webwww.laurentianbank.ca
Phone+1-514-2844500

Debt

Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A

Price-To-Earnings

Trailing P/E Ratio9.92
Forward P/E Ratio10.64
P/E Growth2.55

Sales & Book Value

Annual SalesC$870.65 million
Price / Sales1.34
Cash FlowC$174.89 per share
Price / Cash Flow0.16
Book ValueC$54.27 per share
Price / Book0.50

Profitability

EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

Employees3,559
Outstanding Shares42,940,000
Market CapC$1.17 billion
Next Earnings Date9/3/2020 (Estimated)
OptionableOptionable
C$27.23
+0.52 (+1.95 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Laurentian Bank of Canada (TSE:LB) Frequently Asked Questions

How has Laurentian Bank of Canada's stock been impacted by COVID-19 (Coronavirus)?

Laurentian Bank of Canada's stock was trading at C$32.62 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LB shares have decreased by 16.5% and is now trading at C$27.23.
View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Laurentian Bank of Canada?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Laurentian Bank of Canada in the last year. There are currently 2 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Laurentian Bank of Canada.

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

Laurentian Bank of Canada is scheduled to release its next quarterly earnings announcement on Thursday, September 3rd 2020.
View our earnings forecast for Laurentian Bank of Canada.

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

Laurentian Bank of Canada (TSE:LB) posted its quarterly earnings data on Friday, May, 29th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.37 by $0.17. The company had revenue of $240.15 million for the quarter, compared to the consensus estimate of $239.60 million.
View Laurentian Bank of Canada's earnings history.

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 Tuesday, June 30th. Investors of record on Saturday, August 1st will be paid a dividend of 0.40 per share on Saturday, August 1st. This represents a $1.60 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date of this dividend is Tuesday, June 30th.
View Laurentian Bank of Canada's dividend history.

What price target have analysts set for LB?

6 brokers have issued twelve-month target prices for Laurentian Bank of Canada's stock. Their forecasts range from C$22.00 to C$46.00. On average, they expect Laurentian Bank of Canada's share price to reach C$32.65 in the next twelve months. This suggests a possible upside of 19.9% from the stock's current price.
View analysts' price targets for Laurentian Bank of Canada.

Has Laurentian Bank of Canada been receiving favorable news coverage?

News stories about LB stock have been trending negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Laurentian Bank of Canada earned a coverage optimism score of -2.5 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days.
View the latest news about Laurentian Bank of Canada.

Who are some of Laurentian Bank of Canada's key competitors?

Some companies that are related to Laurentian Bank of Canada include M&G (MNG), CI Financial (CIX), Jardine Lloyd Thompson Group (JLT), Intermediate Capital Group (ICP), CYBG PLC/IDR UNRESTR (CYB), F&C Investment Trust (FCIT), Grenke (GLJ), RIT Capital Partners (RCP), Quilter (QLT), Hypoport (HYQ), International Public Partnerships (INPP), Challenger (CGF), Beazley (BEZ), Milton (MLT) and Old Mutual (OMU).
View all competitors.

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).

Who are Laurentian Bank of Canada's key executives?

Laurentian Bank of Canada's management team includes the following people:
  • Mr. François Desjardins, Pres, CEO & Director (Age 48)
  • Mr. François Laurin C.F.A., F.C.A., FCPA, FCA, CFA, CA, Exec. VP of Fin., Treasury, Capital Markets & CFO (Age 59)
  • Ms. Deborah Rose, Exec. VP, COO & Chief Information Officer
  • Mr. Stéphane Therrien, Exec. VP of Personal & Commercial Banking
  • Mr. André Lopresti, Sr. VP & Chief Accountant

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 and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

What is Laurentian Bank of Canada's stock price today?

One share of LB stock can currently be purchased for approximately C$27.23.

How big of a company is Laurentian Bank of Canada?

Laurentian Bank of Canada has a market capitalization of C$1.17 billion and generates C$870.65 million in revenue each year. Laurentian Bank of Canada employs 3,559 workers across the globe.

What is Laurentian Bank of Canada's official website?

The official website for Laurentian Bank of Canada is www.laurentianbank.ca.

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 company can be reached via phone at +1-514-2844500.

This page was last updated on 8/8/2020 by MarketBeat.com Staff
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