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

Company Overview

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.

Key Stats

• Today's Range: C$26.87 to C$27.23
• 50-Day Range: C$25.39 to C$27.95
• 52-Week Range: C$24.45 to C$29.49
• Volume: 229,103 shs
• Average Volume: 228,702 shs
• Market Capitalization: C$1.19 billion
• P/E Ratio: N/A
• Dividend Yield: 6.97%
• Price Target: C$27.01
• Consensus Rating: Reduce

Laurentian Bank of Canada Stock Analysis - MarketRank™

Laurentian Bank of Canada scored higher than 20% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.9 / 5
• Analyst Rating: Reduce

Consensus Rating

Laurentian Bank of Canada has received a consensus rating of Reduce. The company's average rating score is 1.73, and is based on no buy ratings, 8 hold ratings, and 3 sell ratings.

Amount of Analyst Coverage

Laurentian Bank of Canada has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Laurentian Bank of Canada is -43.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Laurentian Bank of Canada is -43.53, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Laurentian Bank of Canada has a PEG Ratio of 0.76. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Laurentian Bank of Canada has a P/B Ratio of 0.44. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for LB.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Laurentian Bank of Canada is a leading dividend payer. It pays a dividend yield of 7.05%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Laurentian Bank of Canada does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for LB.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.25

News Sentiment

Laurentian Bank of Canada has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.70 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Laurentian Bank of Canada this week, compared to 1 article on an average week.

Search Interest

8 people have searched for LB on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.

MarketBeat Follows

4 people have added Laurentian Bank of Canada to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Laurentian Bank of Canada insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.08% of the stock of Laurentian Bank of Canada is held by insiders.

Percentage Held by Institutions

Only 26.87% of the stock of Laurentian Bank of Canada is held by institutions.

LB Stock Analysis - Frequently Asked Questions

How have LB shares performed this year?

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 3.2% and is now trading at C$26.99.
View the best growth stocks for 2024 here.

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

Laurentian Bank of Canada (TSE:LB) released its quarterly earnings results on Friday, August, 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.03. The firm had revenue of $256.50 million for the quarter, compared to analyst estimates of $257.90 million. Laurentian Bank of Canada had a negative trailing twelve-month return on equity of 0.55% and a negative net margin of 1.64%.

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 other stocks do shareholders of Laurentian Bank of Canada own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Athabasca Oil (ATH).

Company Calendar

• Ex-Dividend for 8/1 Dividend: 7/02/2024
• Dividend Payable: 8/01/2024
• Last Earnings: 8/30/2024
• Ex-Dividend for 11/1 Dividend: 10/01/2024
• Today: 10/17/2024
• Dividend Payable: 11/01/2024
• Next Earnings (Estimated): 12/05/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Banks - Regional
• Sub-Industry: Trading
• Current Symbol: TSE:LB
• CUSIP: N/A
• CIK: N/A
• Web: www.laurentianbank.ca
• Phone: +1-514-2844500
• Fax: N/A
• Employees: 3,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$27.01
• High Stock Price Target: C$33.00
• Low Stock Price Target: C$25.00
• Potential Upside/Downside: +0.1%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.73
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.62)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 7.03
• P/E Growth: 0.76
• Net Income: C$-27,320,000.00
• Net Margins: -1.64%
• Pretax Margin: N/A
• Return on Equity: -0.55%
• Return on Assets: -0.03%

Debt

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

Sales & Book Value

• Annual Sales: C$947.10 million
• Price / Sales: 1.25
• Cash Flow: C$164.98 per share
• Price / Cash Flow: 0.16
• Book Value: C$60.83 per share
• Price / Book: 0.44

Miscellaneous

• Outstanding Shares: 43,920,000
• Free Float: N/A
• Market Cap: C$1.19 billion
• Optionable: Not Optionable
• Beta: 1.25