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TSE:LB

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

C$32.17
+0.14 (+0.44%)
(As of 03/29/2023 12:00 AM ET)
Add
Compare
Today's Range
C$32.00
▼
C$32.27
50-Day Range
C$31.13
▼
C$35.77
52-Week Range
C$28.23
▼
C$43.32
Volume
242,590 shs
Average Volume
151,777 shs
Market Capitalization
C$1.40 billion
P/E Ratio
6.61
Dividend Yield
5.72%
Price Target
C$40.64

Laurentian Bank of Canada MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
26.3% Upside
C$40.64 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
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.

2.29 out of 5 stars

See Top Rated MarketRank™ Stocks Here

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.

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LB Stock News Headlines

March 23, 2023 | finance.yahoo.com
Rania Llewellyn, President and CEO of Laurentian Bank to speak at the 21st Annual National Bank Financial Services Conference
March 22, 2023 | fool.ca
2 Under-the-Radar Canadian Banks I’m Buying While the Buying Is This Good
March 29, 2023 | Stansberry Research (Ad)
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March 20, 2023 | msn.com
2 Canadian Bank Stocks Unfairly Beat Up by SVB’s Collapse
March 14, 2023 | finance.yahoo.com
Laurentian Bank Releases its 2022 ESG Report
March 9, 2023 | finance.yahoo.com
Laurentian Bank donating $100,000 to Windmill Microlending to support skilled immigrants and refugees in the province of Quebec
March 7, 2023 | finance.yahoo.com
Laurentian Bank Announces New Director Nominee and Files Management Proxy Circular
March 4, 2023 | finance.yahoo.com
Laurentian Bank of Canada (TSE:LB) Has Announced That It Will Be Increasing Its Dividend To CA$0.46
March 29, 2023 | Behind the Markets (Ad)
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February 28, 2023 | msn.com
Laurentian Bank Q1 profit down, provisions for credit losses up from year ago
February 28, 2023 | theglobeandmail.com
Laurentian Bank’s first-quarter profit down, provisions for credit losses up from year ago
February 28, 2023 | ca.finance.yahoo.com
Laurentian Bank beats analyst expectations despite profit slip
February 25, 2023 | seekingalpha.com
LRCDF Laurentian Bank of Canada
February 22, 2023 | fool.ca
TFSA Investors: Invest Your Room ASAP With These 2 Stocks
February 7, 2023 | finance.yahoo.com
Laurentian Bank to Announce First Quarter 2023 Results on February 28, 2023
January 30, 2023 | finance.yahoo.com
CGI and Laurentian Bank of Canada extend business partnership
December 23, 2022 | ca.finance.yahoo.com
2 Cheap Banking Stocks to Buy Now and Never Sell
December 11, 2022 | finance.yahoo.com
Laurentian Bank of Canada Full Year 2022 Earnings: In Line With Expectations
December 9, 2022 | finance.yahoo.com
Laurentian Bank of Canada reports 2022 results
December 9, 2022 | finance.yahoo.com
Laurentian Bank of Canada Announces Increased Common Share Dividend
December 3, 2022 | msn.com
2 Dividend Stocks to Buy Now Under $50
November 21, 2022 | finance.yahoo.com
Laurentian Bank to Announce Fourth Quarter 2022 Results on December 9, 2022
October 12, 2022 | finance.yahoo.com
The five-year shareholder returns and company earnings persist lower as Laurentian Bank of Canada (TSE:LB) stock falls a further 6.4% in past week
September 30, 2022 | baystreet.ca
2 Regional Bank Stocks: Which is the Better Buy?
September 6, 2022 | ca.finance.yahoo.com
Laurentian Bank (TSX:LB): Why I’m Buying This Cheap Bank Stock on the Dip
August 31, 2022 | ca.finance.yahoo.com
Laurentian Bank reports $55.9M Q3 profit, down from $62.1M a year earlier
August 31, 2022 | theglobeandmail.com
Laurentian Bank reports $55.9-million third-quarter profit as its provision for bad loans rises
See More Headlines
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LB Company Calendar

Ex-Dividend for 2/1 Dividend
12/30/2022
Dividend Payable
2/01/2023
Today
3/29/2023
Ex-Dividend for 5/1 Dividend
3/31/2023
Dividend Payable
5/01/2023
Next Earnings (Estimated)
6/07/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Banks - Regional - Canada
Sub-Industry
N/A
Sector
Finance
Current Symbol
TSE:LB
CUSIP
N/A
CIK
N/A
Web
www.laurentianbank.ca
Phone
+1-514-2844500
Fax
N/A
Employees
2,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$40.64
High Stock Price Forecast
C$55.00
Low Stock Price Forecast
C$34.00
Forecasted Upside/Downside
+26.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$4.87
Trailing P/E Ratio
6.58
Forward P/E Ratio
6.47
P/E Growth
0.76
Net Income
C$211.20 million
Net Margins
22.90%
Pretax Margin
N/A
Return on Equity
8.15%
Return on Assets
0.46%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
N/A
Quick Ratio
N/A

Sales & Book Value

Annual Sales
C$973.85 million
Price / Sales
1.43
Cash Flow
C$195.90 per share
Price / Cash Flow
0.16
Book Value
C$61.90 per share
Price / Book
0.52

Miscellaneous

Outstanding Shares
43,410,000
Free Float
N/A
Market Cap
C$1.39 billion
Optionable
Optionable
Beta
1.15

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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions













LB Stock - Frequently Asked Questions

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

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Laurentian Bank of Canada in the last year. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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?

7 analysts have issued 1 year target prices for Laurentian Bank of Canada's shares. Their LB share price forecasts range from C$34.00 to C$55.00. On average, they predict the company's stock price to reach C$40.64 in the next year. This suggests a possible upside of 26.8% 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 2023?

Laurentian Bank of Canada's stock was trading at C$32.30 at the beginning of the year. Since then, LB stock has decreased by 0.8% and is now trading at C$32.05.
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 Wednesday, June 7th 2023.
View our LB earnings forecast.

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, February 28th. Investors of record on Monday, April 3rd will be given a dividend of 0.46 per share on Monday, May 1st. This represents a $1.84 annualized dividend and a yield of 5.74%. The ex-dividend date is Friday, March 31st.
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$1.84 per share and currently has a dividend yield of 5.73%. LB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 37.78%. 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$32.05.

How much money does Laurentian Bank of Canada make?

Laurentian Bank of Canada (TSE:LB) has a market capitalization of C$1.39 billion and generates C$973.85 million in revenue each year. The company earns C$211.20 million in net income (profit) each year or C$4.87 on an earnings per share basis.

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 3/29/2023 by MarketBeat.com Staff