Laurentian Bank (LB-T) Stock Predictions - Stockchase
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Laurentian Bank (LB-T)

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Laurentian Bank Laurentian Bank
LB-T

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Laurentian Bank (LB-T) SAVE

41.96

0.31 (0.74%)

Oct, 20, 2018, 12:00 am

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About Laurentian Bank (LB-T)

The Laurentian Bank of Canada is a financial institution founded in 1846 whose activities extend across Canada. The Bank caters to the needs of retail clients via its branch network based in Quebec. More at Wikipedia

What the experts are saying about LB-T



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Laurentian Bank(LB-T) 

October 22, 2018

Canadian banks don’t normally cut dividends but the dividend is high.  This is the only bank he would look at.  It could come down further during tax loss season. 

banks

Canadian banks don’t normally cut dividends but the dividend is high.  This is the only bank he would look at.  It could come down further during tax loss season. 

banks
Benj Gallander

President, Contra the Heard Inv...

Price Price
$0.000
Owned Owned
Unknown

DON'T BUY
Laurentian Bank(LB-T) 

October 15, 2018

The yield has gone up as it has been out of favour.  It went back to the lows of 2016.  There are better financial names to be in like BMO-T or RY-T or TD-T.  If it was to break down below this then it would get to a multiyear low.

banks

The yield has gone up as it has been out of favour.  It went back to the lows of 2016.  There are better financial names to be in like BMO-T or RY-T or TD-T.  If it was to break down below this then it would get to a multiyear low.

banks
Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$41.100
Owned Owned
Unknown

BUY
Laurentian Bank(LB-T) 

October 12, 2018

The dividend is definitely sustainable. They are paying out less than half their earnings. They had some mortgage issues in the past, but the stock price is at a very attractive level.  Yield 6.3%.

banks

The dividend is definitely sustainable. They are paying out less than half their earnings. They had some mortgage issues in the past, but the stock price is at a very attractive level.  Yield 6.3%.

banks
Ross Healy

Chairman, Strategic Analysis C...

Price Price
$40.660
Owned Owned
No

DON'T BUY
Laurentian Bank(LB-T) 

October 12, 2018

Still undergoing contract negotiations. Adjusted EPS down 18%. Other income has decreased 7%. Loan growth ran into trouble. YTD, down the most of the Canadian banks. Playing catch up to its peers. Its quality is not on par with the rest of the banks.

banks

Still undergoing contract negotiations. Adjusted EPS down 18%. Other income has decreased 7%. Loan growth ran into trouble. YTD, down the most of the Canadian banks. Playing catch up to its peers. Its quality is not on par with the rest of the banks.

banks
David Driscoll

President , Liberty Internationa...

Price Price
$40.660
Owned Owned
No

HOLD
Laurentian Bank(LB-T) 

October 9, 2018

They are digesting a lot of changes in their business. Many write downs on their books. They think there is going to be a rally in the TSX for Q4 in Canadian Banks and they think this stock should participate. Not many red flags when they looked at it. Trading at 7 times earnings with a 6% dividend yield. 

banks

They are digesting a lot of changes in their business. Many write downs on their books. They think there is going to be a rally in the TSX for Q4 in Canadian Banks and they think this stock should participate. Not many red flags when they looked at it. Trading at 7 times earnings with a 6% dividend yield. 

banks
James Telfser

Partner & , Aventine Management ...

Price Price
$41.780
Owned Owned
No

BUY
Laurentian Bank(LB-T) 

October 4, 2018

Stay long. It has underperformed the group. Trading under 8x forward earnings. It looks fine here. Great support here. 

banks

Stay long. It has underperformed the group. Trading under 8x forward earnings. It looks fine here. Great support here. 

banks
John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$42.370
Owned Owned
Unknown

WEAK BUY
Laurentian Bank(LB-T) 

September 27, 2018

When you look at TD-T and BMO-T, they have been the best performing banks this year and because of the US exposure.  He is not sure this is where he would go with profits, compared to RBC and so on, they are very different businesses. 

banks

When you look at TD-T and BMO-T, they have been the best performing banks this year and because of the US exposure.  He is not sure this is where he would go with profits, compared to RBC and so on, they are very different businesses. 

banks
Kash Pashootan

Sr. VP & P, First Avenue Advisor...

Price Price
$43.600
Owned Owned
No

DON'T BUY
Laurentian Bank(LB-T) 

September 24, 2018

It is a well managed but regional and profitable bank.  It has been for sale for a long time.  There is a union there while other banks are non-union.  It has a safe dividend.  It is tough for them to grow.  There won't be a lot of excitement in this name – steady as she goes.

banks

It is a well managed but regional and profitable bank.  It has been for sale for a long time.  There is a union there while other banks are non-union.  It has a safe dividend.  It is tough for them to grow.  There won't be a lot of excitement in this name – steady as she goes.

banks
Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$43.720
Owned Owned
Unknown

DON'T BUY
Laurentian Bank(LB-T) 

September 19, 2018

His partner just went through this stock and despite it having a great yield and trading below book value, it still needs time to improve.   There are some mortgage lending issues that still need to be worked out.  He would rather own any of the major chartered banks, despite having a lower 4% yield.  Yield 6%.  

banks

His partner just went through this stock and despite it having a great yield and trading below book value, it still needs time to improve.   There are some mortgage lending issues that still need to be worked out.  He would rather own any of the major chartered banks, despite having a lower 4% yield.  Yield 6%.  

banks
Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$44.240
Owned Owned
No

SHORT
Laurentian Bank(LB-T) 

September 17, 2018

It is a 6% dividend and the payout is only 46% but the problem is the other metrics.  Price moment has been poor and there have been some misses.  It is a small short for him as a hedge against other financial positions.

banks

It is a 6% dividend and the payout is only 46% but the problem is the other metrics.  Price moment has been poor and there have been some misses.  It is a small short for him as a hedge against other financial positions.

banks
Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$43.050
Owned Owned
No

DON'T BUY
Laurentian Bank(LB-T) 

September 14, 2018

It recently fell below $46, matching 2014 and 2016 lows. There are better places to put your money in financials.

banks

It recently fell below $46, matching 2014 and 2016 lows. There are better places to put your money in financials.

banks
Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$42.430
Owned Owned
Unknown

DON'T BUY
Laurentian Bank(LB-T) 

September 6, 2018

It is the smallest of the banks.  It does not have the scale.  They have issues with mortgages.  He would avoid it.

banks

It is the smallest of the banks.  It does not have the scale.  They have issues with mortgages.  He would avoid it.

banks
Tim Regan

Managing D, Kingwest & Company...

Price Price
$42.860
Owned Owned
No

DON'T BUY
Laurentian Bank(LB-T) 

September 5, 2018

He prefers the U.S. banks because there's more growth in that economy. Also, U.S. bank stocks were beaten down. More upside there. They've also pulled back the past six months, so they're now attractive. Canadian banks are an
oligopoly, so are good long-term. LB is regional and hasn't looked at his closely. It's also lagged the big Canadian banks.

banks

He prefers the U.S. banks because there's more growth in that economy. Also, U.S. bank stocks were beaten down. More upside there. They've also pulled back the past six months, so they're now attractive. Canadian banks are an
oligopoly, so are good long-term. LB is regional and hasn't looked at his closely. It's also lagged the big Canadian banks.

banks
Alex Ruus

Portfolio , Arrow Capital Manage...

Price Price
$43.350
Owned Owned
No

DON'T BUY
Laurentian Bank(LB-T) 

August 23, 2018

He would view it as a value trap.  The spread is wider than it has been historically.  The dividend looks attractive.  It has a low PE and a high dividend yield so looks attractive.  The issue is how Canadian-centric they are.  He worries about investing in a solely Canadian bank relying on the Canadian consumer.  They are betting the farm on Canada and the Canadian economy.

banks

He would view it as a value trap.  The spread is wider than it has been historically.  The dividend looks attractive.  It has a low PE and a high dividend yield so looks attractive.  The issue is how Canadian-centric they are.  He worries about investing in a solely Canadian bank relying on the Canadian consumer.  They are betting the farm on Canada and the Canadian economy.

banks
Kash Pashootan

Sr. VP & P, First Avenue Advisor...

Price Price
$47.770
Owned Owned
Unknown

WEAK BUY
Laurentian Bank(LB-T) 

August 22, 2018

The smallest major bank. Valuation is the cheapest, too, in Canada, at slightly less book value, due to problems in mortgages over the past year. LB has handled that by now. LB has always had great credit quality with customers. It isn't his major bank to own, but could be a part of a portfolio.

banks

The smallest major bank. Valuation is the cheapest, too, in Canada, at slightly less book value, due to problems in mortgages over the past year. LB has handled that by now. LB has always had great credit quality with customers. It isn't his major bank to own, but could be a part of a portfolio.

banks
Michael Sprung

President, Sprung Investment Ma...

Price Price
$48.090
Owned Owned
No

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