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Laurentian Bank

LB-T

TSE:LB

42.26
0.35 (0.82%)
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

Analysis and Opinions about LB-T

Signal
Opinion
Expert
Chart
TOP PICK
TOP PICK
August 3, 2021
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)
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Laurentian Bank (LB-T)
August 3, 2021
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)
DON'T BUY
DON'T BUY
July 27, 2021

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.

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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.

Greg Newman
Price
$42.130
Owned
No
DON'T BUY
DON'T BUY
May 26, 2021

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.

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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.

Kevin Burkett
Price
$43.050
Owned
No
TOP PICK
TOP PICK
May 4, 2021
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)
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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)
Brian Madden
Price
$42.590
Owned
Yes
DON'T BUY
DON'T BUY
March 22, 2021
An outlier in Canadian banking, a small regional player. They're cleaning house among management and trimming costs, but that's tricky because they're hemmed into one region, Quebec. LB is trying to go entirely virtual; LB has a lot of physical branches and moving hard to virtual. This dramatic change has effected their business. New managers will have to face these challenges. Unsure if LB can grow earnings; has limited growth prospects. They have lowered costs and stabilized business. Not his preferred bank stock.
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Laurentian Bank (LB-T)
March 22, 2021
An outlier in Canadian banking, a small regional player. They're cleaning house among management and trimming costs, but that's tricky because they're hemmed into one region, Quebec. LB is trying to go entirely virtual; LB has a lot of physical branches and moving hard to virtual. This dramatic change has effected their business. New managers will have to face these challenges. Unsure if LB can grow earnings; has limited growth prospects. They have lowered costs and stabilized business. Not his preferred bank stock.
DON'T BUY
DON'T BUY
March 9, 2021
Other banks have better potential. LB is undergoing a big shift with a new CEO and strategy. So far, the market likes what it sees. Long term. LB could be a contender. That said, he prefers other banks.
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Other banks have better potential. LB is undergoing a big shift with a new CEO and strategy. So far, the market likes what it sees. Long term. LB could be a contender. That said, he prefers other banks.
Michael Sprung
Price
$40.620
Owned
Unknown
DON'T BUY
DON'T BUY
January 4, 2021
The dividend is probably safe. The Canadian and US banks are so cheap and out of favour that there is a lot of value to be had, but the discount on this one is not that substantial.
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Laurentian Bank (LB-T)
January 4, 2021
The dividend is probably safe. The Canadian and US banks are so cheap and out of favour that there is a lot of value to be had, but the discount on this one is not that substantial.
Colin Stewart
Price
$31.180
Owned
No
DON'T BUY
DON'T BUY
December 2, 2020
Stock is cheap, but whether it represents value is another question. There are safer and better ways to get a 5% yield, with the prospect of growing it. Small, weak, poorly operated, regional play.
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Laurentian Bank (LB-T)
December 2, 2020
Stock is cheap, but whether it represents value is another question. There are safer and better ways to get a 5% yield, with the prospect of growing it. Small, weak, poorly operated, regional play.
Brian Madden
Price
$32.870
Owned
No
TOP PICK
TOP PICK
November 18, 2020
Thoroughly beaten up. Selling at beautiful discount to book value. Expecting rising earnings from banks in general as reserve requirements end. Hypervalue stock compared to the rest of the banks, so it has more leverage in a recovery. Decent dividend. Yield is 5.20%. (Analysts’ price target is $29.67)
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Laurentian Bank (LB-T)
November 18, 2020
Thoroughly beaten up. Selling at beautiful discount to book value. Expecting rising earnings from banks in general as reserve requirements end. Hypervalue stock compared to the rest of the banks, so it has more leverage in a recovery. Decent dividend. Yield is 5.20%. (Analysts’ price target is $29.67)
Ross Healy
Price
$29.780
Owned
Yes
DON'T BUY
DON'T BUY
July 22, 2020
It is the only unionized bank in North America. That is why it remains independent. They will struggle to get scale and as a result they have cut the dividend. There are better opportunities out there.
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It is the only unionized bank in North America. That is why it remains independent. They will struggle to get scale and as a result they have cut the dividend. There are better opportunities out there.
WEAK BUY
WEAK BUY
April 27, 2020
You have to question everything including the possibility of anyone cutting the dividend back. He thinks they will come through this and thrive. He would look at buying a basket of the larger banks for the security of more diversified operations.
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Laurentian Bank (LB-T)
April 27, 2020
You have to question everything including the possibility of anyone cutting the dividend back. He thinks they will come through this and thrive. He would look at buying a basket of the larger banks for the security of more diversified operations.
Bruce Campbell (2)
Price
$29.430
Owned
Unknown
DON'T BUY
DON'T BUY
February 20, 2020
Challenged, as it's a smaller bank and has to compete with the larger ones. Transition period right now. In the short-term, deposits are flat and loan books are down. Instead, look at the other six. Payout ratio is as high as it can go. Yield is 6%.
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Laurentian Bank (LB-T)
February 20, 2020
Challenged, as it's a smaller bank and has to compete with the larger ones. Transition period right now. In the short-term, deposits are flat and loan books are down. Instead, look at the other six. Payout ratio is as high as it can go. Yield is 6%.
Douglas Kee
Price
$43.690
Owned
No
DON'T BUY
DON'T BUY
February 10, 2020

It was the cheapest bank out there, but other banks' valuations have come down, so LB isn't as cheap anymore. LB can't expand; they don't have a national footprint. He doesn't own banks now, but would rank LB down the list. TD is his choice in this sector.

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Laurentian Bank (LB-T)
February 10, 2020

It was the cheapest bank out there, but other banks' valuations have come down, so LB isn't as cheap anymore. LB can't expand; they don't have a national footprint. He doesn't own banks now, but would rank LB down the list. TD is his choice in this sector.

John Zechner
Price
$43.930
Owned
No
DON'T BUY
DON'T BUY
February 3, 2020
He has three of the larger Canadian banks. They have been a perennial laggard in terms of return on equity. The dividend grows more slowly than other banks and so the illusion of higher yield is tantalizing. He thinks you can do better elsewhere in the financial sector.
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Laurentian Bank (LB-T)
February 3, 2020
He has three of the larger Canadian banks. They have been a perennial laggard in terms of return on equity. The dividend grows more slowly than other banks and so the illusion of higher yield is tantalizing. He thinks you can do better elsewhere in the financial sector.
Brian Madden
Price
$42.950
Owned
No
COMMENT
COMMENT
December 23, 2019
Canadian Banks He owns Laurentian bank and is holding it for the dividends. In a recession, he expects the Canadian banking sector will get killed. He would likely move to holding the preferreds as he expects a recession by 2021 as it will be safer. You might do better looking into European banks that could create better capital appreciation and dividends. Taking some money off the table, early in the New Year, would make sense. He would be cautious about shorting any Canadian banks as you have to cover the dividends.
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Laurentian Bank (LB-T)
December 23, 2019
Canadian Banks He owns Laurentian bank and is holding it for the dividends. In a recession, he expects the Canadian banking sector will get killed. He would likely move to holding the preferreds as he expects a recession by 2021 as it will be safer. You might do better looking into European banks that could create better capital appreciation and dividends. Taking some money off the table, early in the New Year, would make sense. He would be cautious about shorting any Canadian banks as you have to cover the dividends.
Benj Gallander
Price
$45.290
Owned
_N/A
Showing 1 to 15 of 215 entries

Laurentian Bank(LB-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 6

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. 0 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. 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 The Panic-Proof Portfolio (Stockchase Research) on 2021-08-03. 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 2021-08-04, Laurentian Bank (LB-T) stock closed at a price of $42.26.