Buy, Sell or Hold: Laurentian Bank (LB-T) — Stock Predictions at Stockchase

Home Daily Stock Opinions and Ratings Laurentian Bank (LB-T)

TSE:LB

32.88

0.63 (1.88%) 1d

PAST TOP PICK

(A Top Pick Oct 28/21, Down 22%) The thesis has yet to work out. New CEO is making changes. A good piece for a larger bank or insurer to take out. Stock's cheap, good upside potential. Happy to hold as a turnaround story.

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DON'T BUY

Fallen off from a technical perspective. He focuses on the top 5 banks. Yield is 5.4%, but it's come down over the last 5 years, which is not what you'd expect from Canadian banks. Negative dividend growth. Steer away.

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BUY

Earl: Management change. Digital cost control, great footprint in Quebec. Under the radar for years. Transformational plans.

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DON'T BUY

LB vs. CWB He'd buy neither right now. Financials are not necessarily what you want going into a recession. Credit losses can sting. Regional banks are not as well diversified as the bigger banks. No wealth management. CWB is more exposed to commercial and industrial loans, so losses can be greater. CWB edges out LB by a hair.

banks

PAST TOP PICK

(A Top Pick May 04/21, Down 5%) Lagged the other banks. New CEO. Small, regional. Value play among the banks. For an income-oriented portfolio mandate, rather than a total return mandate.

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It’s a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK

(A Top Pick Oct 21/21, Down 7.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with LB has triggered its stop at $38. To remain disciplined, we recommend covering the position at this time. Combined with our previous buy recommendation, this will result in a net investment loss of 9%. We will look for better opportunities.

banks

PAST TOP PICK

(A Top Pick Nov 18/20, Up 39%) Whole outlook for banks in Canada is very positive. Covid reserves are not needed, and they get moved back into earnings. Cheap stock and possibly profound dividend potential when allowed.

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TOP PICK

Likes all the Big 5 banks, as they all have room to grow in price to book plus dividends. LB remains the cheap outlier. Buy an ETF, or buy this one if you want something really cheap. Yield is 3.88%. (Analysts’ price target is $46.36)

banks

It’s a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly We reiterate LB as a TOP PICK. It trades good value here at 10x earnings. It has a great dividend, backed by a payout ratio estimated at 38% of cashflow. With fewer loan defaults relative to capitalizations, the Canadian banking sector is due to see dividends increased when allowed to do so. We would buy this with a stop loss at $38, looking to achieve $46 -- upside potential over 12%. Yield 3.77% (Analysts’ price target is $46.30)

banks

DON'T BUY

Not time to be aggressive. Lot of risks for a name like this and Canadian banks, and investors need to pay attention. Mortgage portfolios are expanding, housing prices are up 30-40%, and this is a lot of risk in an economy that's slowing.

banks

PAST TOP PICK

(A Top Pick Nov 18/20, Up 42%) He bought it at its long-term low, yet remains inexpensive in terms of valuation. It restored the dividend they had cut.

banks

It’s a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK

Stockchase Research Editor: Michael O'Reilly LB is trading at 11x earnings, compared to peers at 23x. With good growth prospects, its PEG ratio is 0.8 and it trades just under its book value. It has a great dividend, backed by a payout ratio estimated at 43 of cashflow. We would buy this with a stop loss at $38, looking to achieve $46. Yield 3.77% (Analysts’ price target is $44.70)

banks

DON'T BUY

He prefers BMO among Canadian banks, which all have a good future. He doubts LB will grow like the other banks. Loan growth business is a worry. He doesn't see many catalysts for LB. If you hold this, at least you collect their dividend.

banks

DON'T BUY

Has traded up quite nicely, so this is not a good entry point. Being from western Canada, the regional bank he prefers is CWB. In Canada, we have lots of choices on banks, and the regional ones are always a trade. His large cap favourites are RY, TD, and BNS.

banks

TOP PICK

He owns this for income. This is THE turnaround play in Canadian banking. It has a new female CEO of colour, so kudos to them. He expects her to close the productivity gap in core deposit and lending, building out the fledgling securities business and diversifying beyond Quebec. If she succeeds, the stock will turnaround. It's rate a Canadian bank install an outsider, but it speaks to their need for change. (Analysts’ price target is $40.90)

banks

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Laurentian Bank(LB-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 6

Stockchase rating for Laurentian Bank is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Laurentian Bank(LB-T) Frequently Asked Questions

What is Laurentian Bank stock symbol?

Laurentian Bank is a Canadian stock, trading under the symbol LB-T on the Toronto Stock Exchange (LB-CT). It is usually referred to as TSX:LB or LB-T

Is Laurentian Bank a buy or a sell?

In the last year, 6 stock analysts published opinions about LB-T. 4 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Laurentian Bank.

Is Laurentian Bank a good investment or a top pick?

Laurentian Bank was recommended as a Top Pick by on . Read the latest stock experts ratings for Laurentian Bank.

Why is Laurentian Bank stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Laurentian Bank worth watching?

6 stock analysts on Stockchase covered Laurentian Bank In the last year. It is a trending stock that is worth watching.

What is Laurentian Bank stock price?

On 2022-11-30, Laurentian Bank (LB-T) stock closed at a price of $32.88.

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TSE:LB

Laurentian Bank(LB-T)

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Laurentian Bank(LB-T)

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Laurentian Bank(LB-T)

Laurentian Bank(LB-T)

It’s a Panic-proof Portfolio opinion which is available only for Premium members

Laurentian Bank(LB-T)

Laurentian Bank(LB-T)

Laurentian Bank(LB-T)

It’s a Panic-proof Portfolio opinion which is available only for Premium members

Laurentian Bank(LB-T)

Laurentian Bank(LB-T)

Laurentian Bank(LB-T)

It’s a Panic-proof Portfolio opinion which is available only for Premium members

Laurentian Bank(LB-T)

Laurentian Bank(LB-T)

Laurentian Bank(LB-T)

Laurentian Bank(LB-T)

Laurentian Bank(LB-T) Rating

Laurentian Bank(LB-T) Frequently Asked Questions

What is Laurentian Bank stock symbol?

Is Laurentian Bank a buy or a sell?

Is Laurentian Bank a good investment or a top pick?

Why is Laurentian Bank stock dropping?

Is Laurentian Bank worth watching?

What is Laurentian Bank stock price?

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