Laurentian Bank | StockChase
142
Laurentian Bank (LB-T)

Last Price Recorded: $48.6900 on 2018-05-26

ON STOCKCHASE SINCE Feb 2001

banks
142
Laurentian Bank (LB-T)

Last Price Recorded: $48.6900 on 2018-05-26

ON STOCKCHASE SINCE Feb 2001

banks

Laurentian Bank


Signal Opinion Expert
COMMENT
Laurentian Bank(LB-T) 

May 25, 2018

Three months they stumbled on a Home Capital-like issue with their reporting. In one day, the stock fell from $60 to $55 and has drifted down futher because Canadian banks are out of favour. Under $50, this stock looks cheap. If you can wait a few quarters, this should rise 10%, and in a few years maybe return to the $60s.

banks

Three months they stumbled on a Home Capital-like issue with their reporting. In one day, the stock fell from $60 to $55 and has drifted down futher because Canadian banks are out of favour. Under $50, this stock looks cheap. If you can wait a few quarters, this should rise 10%, and in a few years maybe return to the $60s.

banks
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$48.690
Owned Owned
No

HOLD
Laurentian Bank(LB-T) 

April 23, 2018

Stay with it if you are going to hold it.  You have the safety and a combination of yield and growth.  This one has better leverage in it.  They had a sizeable correction in the last few months.

banks

Stay with it if you are going to hold it.  You have the safety and a combination of yield and growth.  This one has better leverage in it.  They had a sizeable correction in the last few months.

banks
Rick Stuchberry

Portfolio Manager, Wellington-Altus Pri...

PricePrice
$48.720
Owned Owned
Unknown

WEAK BUY
Laurentian Bank(LB-T) 

April 18, 2018

He does not presently own this now, because he does not think this is cheap.  Although off the highs, he still thinks there is more risk in Canadian banks.  The dividend is great and this would make it worthwhile.  He prefers the US banking sector.  Yield 5.25%.

banks

He does not presently own this now, because he does not think this is cheap.  Although off the highs, he still thinks there is more risk in Canadian banks.  The dividend is great and this would make it worthwhile.  He prefers the US banking sector.  Yield 5.25%.

banks
Benj Gallander

President, Contra the Heard Inv...

PricePrice
$47.910
Owned Owned
No

BUY
Laurentian Bank(LB-T) 

March 27, 2018

Compared to National Bank: Laurentian has a much lower valuation at 8x forward earnings, and a discount to book value. Laurentian could be what National was two years ago.

banks

Compared to National Bank: Laurentian has a much lower valuation at 8x forward earnings, and a discount to book value. Laurentian could be what National was two years ago.

banks
John Zechner

Chairman, J. Zechner & Assoc...

PricePrice
$47.520
Owned Owned
Unknown

DON'T BUY
Laurentian Bank(LB-T) 

March 26, 2018

He is not sure of the fundamental issues at the moment.  He is concerned about the amount of credit outstanding for banks in general.  Price targets by the analysts for this stock are seen as being a speculative buy by some – something you rarely see for a bank in Canada. 

banks

He is not sure of the fundamental issues at the moment.  He is concerned about the amount of credit outstanding for banks in general.  Price targets by the analysts for this stock are seen as being a speculative buy by some – something you rarely see for a bank in Canada. 

banks
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$47.420
Owned Owned
No

TOP PICK
Laurentian Bank(LB-T) 

March 26, 2018

A value and contrarian pick. The stock has been falling. In recent quarters there was mis-reporting, so they had to pay some penalties, but by the next quarter we should have a clear picture of this problem. Trading at 8x forward earnings, below book value with a 5.5% yield. They will turn around. You're getting paid to wait. (Analysts' price target $55.70)

banks

A value and contrarian pick. The stock has been falling. In recent quarters there was mis-reporting, so they had to pay some penalties, but by the next quarter we should have a clear picture of this problem. Trading at 8x forward earnings, below book value with a 5.5% yield. They will turn around. You're getting paid to wait. (Analysts' price target $55.70)

banks
Jim Huang

President, T.I.P. Wealth Manage...

PricePrice
$47.420
Owned Owned
Yes

DON'T BUY
Laurentian Bank(LB-T) 

March 15, 2018

Don’t own it. It got caught up with some issues relating mortgage origination. And that hurt the stock. Too much uncertainty for now. 

banks

Don’t own it. It got caught up with some issues relating mortgage origination. And that hurt the stock. Too much uncertainty for now. 

banks
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$49.400
Owned Owned
No

DON'T BUY
Laurentian Bank(LB-T) 

March 14, 2018

This company is the runt of the Canadian banks.  It could trade up to $54. Going back 30 years the data says it always trades here, he says, so don’t get sucked into the higher yield. Yield 5%  

banks

This company is the runt of the Canadian banks.  It could trade up to $54. Going back 30 years the data says it always trades here, he says, so don’t get sucked into the higher yield. Yield 5%  

banks
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc....

PricePrice
$49.420
Owned Owned
No

COMMENT
Laurentian Bank(LB-T) 

February 14, 2018

National Bank or Canadian Western Bank or Laurentian? Definitely National. It's growing in asset management and spending on technology, adapting their tech to their data findings. Drawback is it's Canadian-only focus. That said, he prefers larger banks operating in U.S. like TD and Royal.

banks

National Bank or Canadian Western Bank or Laurentian? Definitely National. It's growing in asset management and spending on technology, adapting their tech to their data findings. Drawback is it's Canadian-only focus. That said, he prefers larger banks operating in U.S. like TD and Royal.

banks
Zachary Curry

Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd....

PricePrice
$51.680
Owned Owned
Unknown

DON'T BUY
Laurentian Bank(LB-T) 

February 13, 2018

Likes underdogs, including this one. But can it do better than the giant banks? Something to differientiate it? No. Buy National Bank (NA-T) instead.

banks

Likes underdogs, including this one. But can it do better than the giant banks? Something to differientiate it? No. Buy National Bank (NA-T) instead.

banks
David Baskin

President, Baskin Wealth Manage...

PricePrice
$51.820
Owned Owned
Unknown

COMMENT
Laurentian Bank(LB-T) 

February 6, 2018

Had some trouble with mortgage fraud and that affected the price of the stock. Diversified revenue stream compared to Home Capital. The do a lot of administration. Cheap compared to other Canadian banks but probably will stay cheap. He likes the banking sector for Canada, but he prefers other names for his clients. He wouldn’t recommend this one for his clients.

banks

Had some trouble with mortgage fraud and that affected the price of the stock. Diversified revenue stream compared to Home Capital. The do a lot of administration. Cheap compared to other Canadian banks but probably will stay cheap. He likes the banking sector for Canada, but he prefers other names for his clients. He wouldn’t recommend this one for his clients.

banks
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$52.310
Owned Owned
No

COMMENT
Laurentian Bank(LB-T) 

January 30, 2018

He is looking at this, because it has fallen off. Banking is increasingly being run by technology, and this bank doesn't really have the scale to build the same kind of platforms that the major banks do. They don't have the flexibility that everyone else does. Consumers are moving more and more to online, and long-term this is the biggest issue this bank is facing. Doesn't think they are an acquisition target, because they are the only unionized bank in Canada. They are dealing with a small market and are trying to get into niche businesses. It is a real struggle, so he would be very careful before stepping in. It appears cheap on the surface, but the question is what kind of an investment are they going to have to make in their business to be sustainable for the long haul.

banks

He is looking at this, because it has fallen off. Banking is increasingly being run by technology, and this bank doesn't really have the scale to build the same kind of platforms that the major banks do. They don't have the flexibility that everyone else does. Consumers are moving more and more to online, and long-term this is the biggest issue this bank is facing. Doesn't think they are an acquisition target, because they are the only unionized bank in Canada. They are dealing with a small market and are trying to get into niche businesses. It is a real struggle, so he would be very careful before stepping in. It appears cheap on the surface, but the question is what kind of an investment are they going to have to make in their business to be sustainable for the long haul.

banks
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Weal...

PricePrice
$53.050
Owned Owned
No

DON'T BUY
Laurentian Bank(LB-T) 

January 23, 2018

He doesn't have an overall positive view on Canadian financials, and would prefer US financials. This bank had an issue recently with a fairly large write down. When banks have issues like this, it’s unclear as to how long it is going to take to resolve.

banks

He doesn't have an overall positive view on Canadian financials, and would prefer US financials. This bank had an issue recently with a fairly large write down. When banks have issues like this, it’s unclear as to how long it is going to take to resolve.

banks
Colin Stewart

CEO & Portfolio manager, JC Clark Investments...

PricePrice
$53.610
Owned Owned
No

HOLD
Laurentian Bank(LB-T) 

January 22, 2018

The lending hiccup with mislabeled mortgages brought it down.  Under $53 it is worth exploring.  Hold on to it if you have it.

banks

The lending hiccup with mislabeled mortgages brought it down.  Under $53 it is worth exploring.  Hold on to it if you have it.

banks
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$53.630
Owned Owned
No

COMMENT
Laurentian Bank(LB-T) 

January 17, 2018

Trades at a deep discount to the larger banks. A regional player with almost all branches and footprint business in Québec. It’s still a regional bank, but has done a marvellous job of closing the gap in terms of its profitability, compared with the others. ROE has come up from about 6%-7% to 12%-13%, while the rest of the banks are in the 14%-17% range. The pullback in the stock was a result of some problems with mortgages. He would think the issue is behind them, and is not really material to their overall solvency or profitability. Strong balance sheet. The stock looks very interesting here.

banks

Trades at a deep discount to the larger banks. A regional player with almost all branches and footprint business in Québec. It’s still a regional bank, but has done a marvellous job of closing the gap in terms of its profitability, compared with the others. ROE has come up from about 6%-7% to 12%-13%, while the rest of the banks are in the 14%-17% range. The pullback in the stock was a result of some problems with mortgages. He would think the issue is behind them, and is not really material to their overall solvency or profitability. Strong balance sheet. The stock looks very interesting here.

banks
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$53.020
Owned Owned
No

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