TSE:LB

Laurentian Bank of Canada (LB.TO) Stock Forecast, Price & News

C$31.31

-0.10 (-0.32 %)

(As of 01/25/2021 10:36 AM ET)

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Today's Range

C$31.20

Now: C$31.31▼

C$31.67

50-Day Range

C$30.75

MA: C$32.08▼

C$33.38

52-Week Range

C$25.74

Now: C$31.31▼

C$44.23

Volume47,264 shs

Average Volume184,384 shs

Market CapitalizationC$1.35 billion

P/E Ratio13.22

Dividend Yield5.09%

BetaN/A

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to individuals, business, and institutional customers in Canada and the United States. It operates through Personal, Business Services, and Institutional segments. The company offers notice, demand, and term deposits; commercial, residential mortgage, and personal loans; equipment and inventory, and real estate financing; and credit life and disability insurance products. It also provides investment securities; research, market analysis, and advisory services; corporate underwriting services for debt and equity; administrative and foreign exchange; and trustee services. It 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 MontrÃ©al, Canada.

MarketRank^™

Overall MarketRank^™

1.16 out of 5 stars

0.8 Analyst's Opinion

Consensus Rating
Laurentian Bank of Canada (LB.TO) has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on no buy ratings, 3 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$31.28, Laurentian Bank of Canada (LB.TO) has a forecasted downside of 0.6% from its current price of C$31.47.
Amount of Analyst Coverage
Laurentian Bank of Canada (LB.TO) has only been the subject of 3 research reports in the past 90 days.

1.5 Community Rank

Outperform Votes
Laurentian Bank of Canada (LB.TO) has received 330 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Laurentian Bank of Canada (LB.TO) has received 742 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Laurentian Bank of Canada (LB.TO) has received 69.22% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Laurentian Bank of Canada (LB.TO) and other stocks. Vote “Outperform” if you believe LB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe LB will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Laurentian Bank of Canada (LB.TO) is a leading dividend payer. It pays a dividend yield of 5.09%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Laurentian Bank of Canada (LB.TO) does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Laurentian Bank of Canada (LB.TO) is 90.37%. Payout ratios above 75% are not desirable because they may not be sustainable.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Laurentian Bank of Canada (LB.TO) insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$116,401.00 in company stock.

1.9 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Laurentian Bank of Canada (LB.TO) is 13.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.13.
Price to Earnings Ratio vs. Sector
The P/E ratio of Laurentian Bank of Canada (LB.TO) is 13.29, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 20.67.
Price to Earnings Growth Ratio
Laurentian Bank of Canada (LB.TO) has a PEG Ratio of 2.05. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Laurentian Bank of Canada (LB.TO) has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

Employees2,939

Year FoundedN/A

Debt

Debt-to-Equity RatioN/A

Current RatioN/A

Quick RatioN/A

Price-To-Earnings

Trailing P/E Ratio13.22

Forward P/E Ratio9.52

P/E Growth2.05

Sales & Book Value

Annual SalesC$854.71 million

Price / Sales1.58

Cash FlowC$155.31 per share

Price / Cash Flow0.20

Book ValueC$54.75 per share

Price / Book0.57

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares43,238,000

Market CapC$1.35 billion

Next Earnings Date2/26/2021 (Estimated)

OptionableOptionable

C$31.31

-0.10 (-0.32 %)

(As of 01/25/2021 10:36 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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

How has Laurentian Bank of Canada (LB.TO)'s stock price been impacted by COVID-19?

Laurentian Bank of Canada (LB.TO)'s stock was trading at C$32.62 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, LB shares have decreased by 4.0% and is now trading at C$31.32.
View which stocks have been most impacted by COVID-19.

Is Laurentian Bank of Canada (LB.TO) a buy right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Laurentian Bank of Canada (LB.TO) in the last twelve months. There are currently 3 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Laurentian Bank of Canada (LB.TO) stock. 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 analyst ratings for Laurentian Bank of Canada (LB.TO) or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Laurentian Bank of Canada (LB.TO)?

Wall Street analysts have given Laurentian Bank of Canada (LB.TO) a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Laurentian Bank of Canada (LB.TO) wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Laurentian Bank of Canada (LB.TO)'s next earnings date?

Laurentian Bank of Canada (LB.TO) is scheduled to release its next quarterly earnings announcement on Friday, February 26th 2021.
View our earnings forecast for Laurentian Bank of Canada (LB.TO).

How were Laurentian Bank of Canada (LB.TO)'s earnings last quarter?

Laurentian Bank of Canada (LB.TO) (TSE:LB) issued its quarterly earnings data on Friday, December, 4th. The company reported $0.91 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.75 by $0.16. The company earned $243.54 million during the quarter, compared to analysts' expectations of $241 million.
View Laurentian Bank of Canada (LB.TO)'s earnings history.

How often does Laurentian Bank of Canada (LB.TO) pay dividends? What is the dividend yield for Laurentian Bank of Canada (LB.TO)?

Laurentian Bank of Canada (LB.TO) announced a quarterly dividend on Thursday, December 31st. Shareholders of record on Monday, February 1st will be given a dividend of 0.40 per share on Monday, February 1st. This represents a $1.60 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date is Thursday, December 31st.
View Laurentian Bank of Canada (LB.TO)'s dividend history.

Is Laurentian Bank of Canada (LB.TO) a good dividend stock?

Laurentian Bank of Canada (LB.TO) pays an annual dividend of C$2.14 per share and currently has a dividend yield of 5.09%. LB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Laurentian Bank of Canada (LB.TO) is 90.37%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Laurentian Bank of Canada (LB.TO)'s dividend history.

What price target have analysts set for LB?

6 brokers have issued 1-year target prices for Laurentian Bank of Canada (LB.TO)'s stock. Their forecasts range from C$26.50 to C$35.00. On average, they expect Laurentian Bank of Canada (LB.TO)'s stock price to reach C$31.28 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
View analysts' price targets for Laurentian Bank of Canada (LB.TO) or view Wall Street analyst' top-rated stocks.

Who are some of Laurentian Bank of Canada (LB.TO)'s key competitors?

Some companies that are related to Laurentian Bank of Canada (LB.TO) include Element Fleet Management Corp. (EFN.TO) (EFN), M&G plc (MNG.L) (MNG), Intermediate Capital Group plc (ICP.L) (ICP), F&C Investment Trust PLC (FCIT.L) (FCIT), Octagonal Plc (OCT.L) (OCT), Jardine Lloyd Thompson Group (JLT), Hypoport SE (HYQ.F) (HYQ), CI Financial Corp (CIX.TO) (CIX), RIT Capital Partners (RCP.L) (RCP), Monks Investment Trust (MNKS.L) (MNKS), Brookfield Infrastructure (BIPC), Old Mutual Limited (OMU.L) (OMU), International Public Partnerships Limited (INPP.L) (INPP), Quilter plc (QLT.L) (QLT) and Worldwide Healthcare Trust PLC (WWH.L) (WWH).
View all of LB's competitors.

What other stocks do shareholders of Laurentian Bank of Canada (LB.TO) own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Laurentian Bank of Canada (LB.TO) investors own include CA (CA), Hawkins (HWKN), BlackRock (BLK), Endologix (ELGX), Intact Financial Co. (IFC.TO) (IFC), Constellation Software Inc. (CSU.TO) (CSU), Athabasca Oil Co. (ATH.TO) (ATH), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW) and NIC (EGOV).

Who are Laurentian Bank of Canada (LB.TO)'s key executives?

Laurentian Bank of Canada (LB.TO)'s management team includes the following people:

Mr. Francois Laurin C.F.A., F.C.A., FCPA, FCA, CFA, CA, Exec. VP of Fin., Treasury & CFO (Age 61, Pay $651.1k)
Ms. Deborah Rose, Exec. VP, COO & Chief Information Officer
Mr. William Mason, Exec. VP & Chief Risk Officer
Ms. Rania Llewellyn, Pres, CEO & Director
Ms. Susan Cohen, Director of Investor Relations
Emmanuela Fleurandin, Sr. Legal Counsel & Assistant Sec.
Helene Soulard, Assistant VP of Communications
Mr. Rick C. Lane, SVP of Real Estate Financing and VP of Real Estate Financing - Ontario & Western Canada
Mr. Claude Jobin, Chief Accountant & VP of Commercial Credit

What is Laurentian Bank of Canada (LB.TO)'s stock symbol?

Laurentian Bank of Canada (LB.TO) trades on the Toronto Stock Exchange (TSX) under the ticker symbol "LB."

How do I buy shares of Laurentian Bank of Canada (LB.TO)?

Shares of LB 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.

What is Laurentian Bank of Canada (LB.TO)'s stock price today?

One share of LB stock can currently be purchased for approximately C$31.32.

How big of a company is Laurentian Bank of Canada (LB.TO)?

Laurentian Bank of Canada (LB.TO) has a market capitalization of C$1.35 billion and generates C$854.71 million in revenue each year. Laurentian Bank of Canada (LB.TO) employs 2,939 workers across the globe.

What is Laurentian Bank of Canada (LB.TO)'s official website?

The official website for Laurentian Bank of Canada (LB.TO) is www.laurentianbank.ca.

How can I contact Laurentian Bank of Canada (LB.TO)?

Laurentian Bank of Canada (LB.TO)'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 1/25/2021 by MarketBeat.com Staff

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