Laurentian Bank of Canada, together with its subsidiaries, provides various banking services to individuals, small and medium-sized enterprises, and institutional customers in Canada and the United States. More Details
Adequate balance sheet second-rate dividend payer.
Share Price & News
How has Laurentian Bank of Canada's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LB is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: LB's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: LB underperformed the Canadian Banks industry which returned -3.9% over the past year.
Return vs Market: LB underperformed the Canadian Market which returned 1.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Laurentian Bank of Canada's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StLaurentian Bank of Canada's (TSE:LB) Stock Price Has Reduced 53% In The Past Three Years
2 months ago | Simply Wall StDo These 3 Checks Before Buying Laurentian Bank of Canada (TSE:LB) For Its Upcoming Dividend
2 months ago | Simply Wall StEarnings Beat: Laurentian Bank of Canada Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Is Laurentian Bank of Canada undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LB (CA$33.12) is trading above our estimate of fair value (CA$16.66)
Significantly Below Fair Value: LB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LB is poor value based on its PE Ratio (13.4x) compared to the CA Banks industry average (12.8x).
PE vs Market: LB is good value based on its PE Ratio (13.4x) compared to the Canadian market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: LB is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: LB is good value based on its PB Ratio (0.6x) compared to the CA Banks industry average (1.3x).
How is Laurentian Bank of Canada forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LB's forecast earnings growth (5.7% per year) is above the savings rate (1.7%).
Earnings vs Market: LB's earnings (5.7% per year) are forecast to grow slower than the Canadian market (25.8% per year).
High Growth Earnings: LB's earnings are forecast to grow, but not significantly.
Revenue vs Market: LB's revenue (0.4% per year) is forecast to grow slower than the Canadian market (6.3% per year).
High Growth Revenue: LB's revenue (0.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LB's Return on Equity is forecast to be low in 3 years time (5.3%).
How has Laurentian Bank of Canada performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LB has high quality earnings.
Growing Profit Margin: LB's current net profit margins (12.2%) are lower than last year (18.1%).
Past Earnings Growth Analysis
Earnings Trend: LB's earnings have grown by 6.1% per year over the past 5 years.
Accelerating Growth: LB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LB had negative earnings growth (-37.4%) over the past year, making it difficult to compare to the Banks industry average (-14.8%).
Return on Equity
High ROE: LB's Return on Equity (4.6%) is considered low.
How is Laurentian Bank of Canada's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: LB's Assets to Equity ratio (17.2x) is moderate.
Allowance for Bad Loans: LB has a low allowance for bad loans (58%).
Low Risk Liabilities: 59% of LB's liabilities are made up of primarily low risk sources of funding.
Loan Level: LB has an appropriate level of Loans to Assets ratio (73%).
Low Risk Deposits: LB's Loans to Deposits ratio (132%) is high.
Level of Bad Loans: LB has an appropriate level of bad loans (0.8%).
What is Laurentian Bank of Canada current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LB's dividend (4.83%) is higher than the bottom 25% of dividend payers in the Canadian market (1.63%).
High Dividend: LB's dividend (4.83%) is low compared to the top 25% of dividend payers in the Canadian market (5.31%).
Stability and Growth of Payments
Stable Dividend: LB's dividend payments have been volatile in the past 10 years.
Growing Dividend: LB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (96.9%), LB's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LB's dividends in 3 years are forecast to be covered by earnings (53.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ms. Rania Llewellyn has been President, Chief Executive Officer and Director of Laurentian Bank of Canada since October 30, 2020. Ms. Llewellyn served as an Executive Vice President of Global Business Paym...
|Executive VP of Finance||5.33yrs||CA$1.35m||0.0061% |
|Executive VP||2.5yrs||CA$1.45m||0.0045% |
|Executive VP & Chief Risk Officer||2.5yrs||CA$1.34m||0.016% |
|President||0.17yr||no data||no data|
|Senior VP & Chief Accountant||no data||no data||0.00094% |
|Director of Investor Relations||no data||no data||no data|
|Senior Legal Counsel & Assistant Secretary||no data||no data||no data|
|Assistant Vice President of Communications||no data||no data||no data|
|SVP of Real Estate Financing and VP of Real Estate Financing - Ontario & Western Canada||no data||no data||no data|
|Chief Accountant & VP of Commercial Credit||no data||no data||no data|
|Senior Vice-President of Business Services||8.17yrs||no data||0.0034% |
|Senior Vice President of Integrated Risk Management||no data||no data||no data|
Experienced Management: LB's management team is considered experienced (2.5 years average tenure).
|President||0.17yr||no data||no data|
|Independent Director||7.33yrs||CA$146.50k||0.0033% |
|Independent Director||4.33yrs||CA$134.45k||0.0053% |
|Director Emeritus||3.75yrs||CA$63.69k||no data|
|Independent Chairman of the Board||1.67yrs||CA$204.24k||no data|
|Independent Director||1.33yrs||CA$19.45k||no data|
|Independent Director||1.33yrs||CA$19.45k||0.0035% |
|Independent Director||14.75yrs||CA$119.00k||0.0096% |
|Independent Director||6yrs||CA$123.25k||0.0029% |
|Independent Director||0.58yr||no data||0.0070% |
|Independent Director||8.75yrs||CA$137.85k||0.015% |
|Independent Director||3.17yrs||CA$119.04k||0.0023% |
Experienced Board: LB's board of directors are considered experienced (3.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Laurentian Bank of Canada's company bio, employee growth, exchange listings and data sources
- Name: Laurentian Bank of Canada
- Ticker: LB
- Exchange: TSX
- Founded: 1846
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: CA$1.422b
- Shares outstanding: 43.12m
- Website: https://www.lbcfg.ca
Number of Employees
- Laurentian Bank of Canada
- 1360 René-Lévesque Boulevard West
- Suite 600
- H3G 0E5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LB||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Jul 1983|
|LT7||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jul 1983|
|LRCD.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Jul 1983|
|LB.PRJ||TSX (The Toronto Stock Exchange)||PFD SHS SER 15||CA||CAD||Mar 2016|
Laurentian Bank of Canada, together with its subsidiaries, provides various banking services to individuals, small and medium-sized enterprises, and institutional customers in Canada and the United States....
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/04 00:23|
|End of Day Share Price||2020/12/03 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.