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TSE:LB

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

Laurentian Bank of Canada logo
C$27.00 -0.05 (-0.18%)
(As of 11/7/2024 ET)

About Laurentian Bank of Canada Stock (TSE:LB)

Key Stats

Today's Range
C$26.87
C$27.22
50-Day Range
C$25.81
C$27.95
52-Week Range
C$24.45
C$29.49
Volume
279,071 shs
Average Volume
229,845 shs
Market Capitalization
C$1.19 billion
P/E Ratio
N/A
Dividend Yield
6.96%
Price Target
C$27.01
Consensus Rating
Reduce

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.

Laurentian Bank of Canada Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
19th Percentile Overall Score

LB MarketRank™: 

Laurentian Bank of Canada scored higher than 19% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 2 research reports in the past 90 days.

  • Read more about Laurentian Bank of Canada's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Laurentian Bank of Canada is -43.55, 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 -43.55, 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.

  • Read more about Laurentian Bank of Canada's valuation and earnings.
  • Short Interest

    There is no current short interest data available for LB.
  • 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.

  • Read more about Laurentian Bank of Canada's dividend.
  • Short Interest

    There is no current short interest data available for LB.
  • News Sentiment

    Laurentian Bank of Canada has a news sentiment score of 0.97. 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 higher news sentiment than the 0.51 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 2 articles on an average week.
  • Search Interest

    Only 2 people have searched for LB on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Laurentian Bank of Canada to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • 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.

  • Read more about Laurentian Bank of Canada's insider trading history.
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LB Stock News Headlines

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2 TSX Stocks Near Lows You Should Watch Now
Laurentian Bank announces changes to its executive team
See More Headlines

LB Stock Analysis - Frequently Asked Questions

Laurentian Bank of Canada's stock was trading at C$27.87 on January 1st, 2024. Since then, LB shares have decreased by 3.1% and is now trading at C$27.00.
View the best growth stocks for 2024 here
.

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

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.

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

Last Earnings
8/30/2024
Ex-Dividend for 11/1 Dividend
10/01/2024
Dividend Payable
11/01/2024
Today
11/07/2024
Next Earnings (Estimated)
12/05/2024

Industry, Sector and Symbol

Industry
Banks - Regional
Sub-Industry
Trading
CIK
N/A
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

Net Income
C$-27,320,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$947.10 million
Cash Flow
C$164.98 per share
Book Value
C$60.83 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.19 billion
Optionable
Not Optionable
Beta
1.25
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This page (TSE:LB) was last updated on 11/8/2024 by MarketBeat.com Staff
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