Laurentian Bank | StockChase
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Laurentian Bank (LB-T)

Last Price Recorded: $60.0300 on 2017-11-17

ON STOCKCHASE SINCE Feb 2001

banks

Laurentian Bank


Signal Opinion Expert

2017-07-27

TOP PICK
Laurentian Bank (LB-T)

Good management team that is focused on high return on equity activities and shutting down those that don’t have a good payoff.  They are rationalizing their branch locations.  It is a "Steady Eddie" company with a conservative payout ratio.  50% of their business is in Ontario and now they are expanding south of the border.  (Analysts’ target: $58.00).

banks
Andrey Omelchak

President & CIO, LionGuard Capital Management

Price: $54.150
Owned: Yes

2017-02-24

BUY
Laurentian Bank (LB-T)

This bank has done a tremendous job in trying to improve underlying operations with a focus on ROE. A big under performer relative to the other banks in respect to their profitability and ROE generation. Now they have focused on that, so are closing a lot of branches and optimizing operations. They are focusing on issues which are profitable, where they don’t have to compete with other banks and other institutions. It has really reinvented itself. However, it was a great buy closer to BV, and has even dipped below BV. Every time they do this, it is a tremendous buying opportunity. Dividend yield of 4.08%.

banks
Andrey Omelchak

President & CIO, LionGuard Capital Management

Price: $59.740
Owned: Unknown

2017-02-13

WEAK BUY
Laurentian Bank (LB-T)

A big franchise in Quebec.  They are cutting their branches by a third.  He has TD-T and RY-T, but LB-T was undervalued along with CWB-T.  He prefers TD and RY because of better access to the US.  (Analysts’ target: $61).

banks
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $60.600
Owned: No

2016-12-08

COMMENT
Laurentian Bank (LB-T)

Laurentian Bank (LB-T) or National Bank (NA-T)? Both are Québec based banks, and tend to trade at a discount historically to the sector. National is larger and tend to have more of a higher risk asset mix in terms of lending and international ventures, but also has higher growth. Even though it is working very hard outside of Québec, it is primarily a Québec retail bank. The rationale for buying this bank is more on the dividend, and the hope for more improved efficiency.

banks
Jim Huang

President, T.I.P. Wealth Management

Price: $56.550
Owned: Unknown

2016-08-25

DON'T BUY
Laurentian Bank (LB-T)

Only step in if you see a significant difference in valuation with the other Canadian players.  He does not see that now.

banks
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisory, Raymond James

Price: $48.760
Owned: No

2016-08-25

COMMENT
Laurentian Bank (LB-T)

(Market Call Minute.) He prefers something like Toronto Dominion (TD-T) that has more exposure to the US.

banks
David Driscoll

President & CEO, Liberty International Investment Management Inc

Price: $48.760
Owned: Unknown

2016-08-11

PAST TOP PICK
Laurentian Bank (LB-T)

(Top Pick Aug 20/15, Up 9.47%) A really, really cheap stock.  It was its usual low. 

banks
Ross Healy

Chairman, Strategic Analysis Corp

Price: $48.710
Owned: Yes

2016-07-21

DON'T BUY
Laurentian Bank (LB-T)

Canadian banks have improved, but are not ripping the leather off the ball on growth across the board. This bank rates “okay” on his dividend model, being 140 out of 743 stocks in the database, but there are kind of warnings because the latest year-over-year growth in cash flow has been negative at -3%. Three-year cash flow has only been at 5%. There are better opportunities elsewhere to give you a better adjusted return.

banks
Robert McWhirter

President, Selective Asset Management

Price: $48.740
Owned: Unknown

2015-11-02

DON'T BUY
Laurentian Bank (LB-T)

He wants to focus on US based banks and insurance companies.

banks
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $52.260
Owned: Unknown

2015-09-15

PAST TOP PICK
Laurentian Bank (LB-T)

(A Top Pick Oct 21/14. Short. A pairs trade with Callidus Capital (CBL-T). Down 1.84%.) He has a long-term Short on this bank.

banks
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $48.980
Owned: Yes

2015-09-01

COMMENT
Laurentian Bank (LB-T)

This is small and it is regional, but going into its earnings report tomorrow, people are probably expecting some good news.

banks
Michael Sprung

President, Sprung Investment Management

Price: $48.200
Owned: No

2015-08-20

TOP PICK
Laurentian Bank (LB-T)

Very, Very cheap, huge discount to book value.  If you look at historical lows since 2009 other than the knife slices down, this one is there.  It is a lovely trading range that it has been stuck in for a long time.  If you get 25% of capital appreciation plus the dividend you would have a very nice year.

banks
Ross Healy

Chairman, Strategic Analysis Corp

Price: $46.910
Owned: Yes

2015-06-11

TOP PICK
Laurentian Bank (LB-T)

(Top Pick June 17/14, Up 5.46%) He is happy with this one and still likes it.  The balance sheet has continued to rise nicely not making the company any more expensive than last time.  He wants to stay with it.  It is his favourite Canadian bank because it is the cheapest of the lot.  When you look at the downside risks under catastrophic conditions he sees only a 20% downside risk.  It has the best dividend yield.  4.5% yield. 

banks
Ross Healy

Chairman, Strategic Analysis Corp

Price: $49.520
Owned: Yes

2015-05-08

TOP PICK
Laurentian Bank (LB-T)

(A Top Pick June 17/14. Up 1.71%.) Its balance sheet has caught up with its price, and has been trading above one of his technical support levels based on its BV. Very, very cheap. If banks ever take off, this one has to move because it is the best value of the lot. Dividend yield of 4.5%.

banks
Ross Healy

Chairman, Strategic Analysis Corp

Price: $48.400
Owned: Yes

2015-03-02

COMMENT
Laurentian Bank (LB-T)

Very regional bank. Thinks they are more of a pure bank and do not have a lot of exposure to the oil price.

banks
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $49.090
Owned: Unknown

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