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Laurentian Bank (TSE:LB)
TSX:LB
Laurentian Bank (LB) Stock Price & Analysis
281 Followers
LB Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$23.67 - C$45.10
Previous CloseC$25.94
Volume301.16K
Average Volume (3M)186.13K
Market Cap
C$1.16B
Enterprise ValueC$14.62B
Total Cash (Recent Filing)C$0.00
Total Debt (Recent Filing)C$13.48B
Price to Earnings (P/E)―
Beta0.92
Next Earnings
Aug 29, 2024EPS Estimate
C$0.89Last Dividend Ex-Date
Jul 02, 2024Dividend Yield7.41%
Share Statistics
EPS (TTM)-0.27
Shares Outstanding43,734,280
10 Day Avg. Volume286,879
30 Day Avg. Volume186,132
Standard Deviation0.09
R-Squared0.42
Alpha-0.00865
Financial Highlights & Ratios
Price to Book (P/B)0.47
Price to Sales (P/S)4.12
Price to Cash Flow (P/CF)0.60
P/FCF Ratio0.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$27.00Price Target Upside4.07% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering9
Laurentian Bank News
PremiumCompany Announcements
Laurentian Bank Retains Series 13 Shares Post-Conversion Period
PremiumCompany Announcements
Laurentian Bank Declares Preferred Share Dividend
PremiumCompany Announcements
Laurentian Bank Unveils Growth-Oriented Strategic PlanBulls Say, Bears Say
Bulls Say
Capital PositionLB's strong CET1 ratio of 10.4% reflects a solid capital position, boosted by a reduction in risk-weighted assets.
EarningsLB's Q2 adjusted cash EPS of $0.90 exceeded expectations, driven by higher fee income and better expense management.
OutlookLB's Investor Day presentation outlined a clear path to achieving double-digit ROE through revenue growth in commercial banking and improved expense management.
Bears Say
Commercial LoansCommercial loans saw an 8% year-over-year decline, led by decreases in inventory financing and commercial real estate.
Financial PerformancePre-Tax Pre-Provision Earnings were down 15% year-over-year, driven by lower revenue.
Loan BalancesLoan balances decreased by 4% year-over-year, with commercial loans dropping by 8% and personal loans falling by 21%.
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Options Prices
Currently, No data available
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Ownership Overview
0.61% Insiders
6.23% Mutual Funds
11.00% Other Institutional Investors
82.15% Public Companies and
Individual Investors
LB FAQ
What was Laurentian Bank’s price range in the past 12 months?
Laurentian Bank lowest stock price was C$23.67 and its highest was C$45.10 in the past 12 months.
What is Laurentian Bank’s market cap?
Currently, no data Available
When is Laurentian Bank’s upcoming earnings report date?
Laurentian Bank’s upcoming earnings report date is Aug 29, 2024 which is in 57 days.
How were Laurentian Bank’s earnings last quarter?
Laurentian Bank released its earnings results on May 30, 2024. The company reported C$0.9 earnings per share for the quarter, beating the consensus estimate of C$0.884 by C$0.016.
Is Laurentian Bank overvalued?
According to Wall Street analysts Laurentian Bank’s price is currently Undervalued.
Does Laurentian Bank pay dividends?
Laurentian Bank pays a Thriceyearly dividend of C$0.47 which represents an annual dividend yield of 7.41%. See more information on Laurentian Bank dividends here
What is Laurentian Bank’s EPS estimate?
Laurentian Bank’s EPS estimate is C$0.89.
How many shares outstanding does Laurentian Bank have?
Laurentian Bank has 43,734,280 shares outstanding.
What happened to Laurentian Bank’s price movement after its last earnings report?
Laurentian Bank reported an EPS of C$0.9 in its last earnings report, beating expectations of C$0.884. Following the earnings report the stock price went up 0.641%.
Which hedge fund is a major shareholder of Laurentian Bank?
Currently, no hedge funds are holding shares in TSE:LB
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Laurentian Bank Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Sell
Average Price Target:
C$27.00 (4.07% Upside)
C$27.00 (4.07% Upside)
Blogger Sentiment
Neutral
TSE:LB Sentiment 67%
Sector Average 68%
Sector Average 68%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-18.64%
12-Months-Change
Fundamentals
Return on Equity
0.02%
Trailing 12-Months
Asset Growth
-5.78%
Trailing 12-Months
Company Description
Laurentian Bank
Laurentian Bank of Canada engages in the provision of financial services. It operates through the following segments: Retail Services, Business Services, Business-to-Business (B2B) Bank, and Capital Markets. The Retail Services segment offers savings, investment, and financing products. The Business Services segment caters to the financial needs of business clients, small and medium-sized enterprises, and real estate developers such as leasing solutions, investment, cash management, and international services. The B2B Bank segment supplies banking and financial products to independent financial advisors and non-bank financial Institutions. The Capital Markets segment consists of full-service broker and bank's capital market activities. The company was founded by Monsignor Ignace Bourget on May 26, 1846 and is headquartered in Montreal, Canada.
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LB Company Deck
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LB Earnings Call
Q2 2024
0:00 / 0:00
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LB Stock 12 Month Forecast
Average Price Target
C$27.00
▲(4.07% Upside)
Technical Analysis
Laurentian Bank
―
Bank Of Montreal
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Canadian Bank of Commerce
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Toronto Dominion Bank
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Royal Bank Of Canada
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Best Analysts Covering LB
1 Year
1 Year Success Rate
6/17 ratings generated profit
1 Year Average Return
-14.70%
reiterated a sell rating 14 days ago
Copying Gabriel Dechaine's trades and holding each position for 1 Year would result in 35.29% of your transactions generating a profit, with an average return of -14.70% per trade.
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