Laurentian Bank Stock Today

LB Stock  CAD 28.50  0.51  1.82%   

Performance

3 of 100

 
Low
 
High
Insignificant

Odds Of Distress

Less than 6

 
100  
 
Zero
Low
Laurentian Bank is selling at 28.50 as of the 28th of March 2024; that is 1.82 percent increase since the beginning of the trading day. The stock's open price was 27.99. Laurentian Bank has only a 6 % chance of going through financial distress over the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Laurentian Bank are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Banks
Category
Financial Services
Classification
Financials
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. Laurentian Bank of Canada was founded in 1846 and is headquartered in Montral, Canada. The company has 43.73 M outstanding shares of which 1.26 M shares are now shorted by private and institutional investors with about 4.61 days to cover all short positions. More on Laurentian Bank

Moving together with Laurentian Stock

  0.8RY Royal BankPairCorr
  0.71BNS Bank of Nova ScotiaPairCorr

Moving against Laurentian Stock

  0.41IAG IA FinancialPairCorr

Laurentian Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Laurentian Bank's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Laurentian Bank or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOCraig Backman
Thematic IdeaBanks (View all Themes)
Business ConcentrationRegional Banks, Banks - Regional, Financial Services, Banks, Financials, Banks, Banks—Regional, Financial Services (View all Sectors)
Laurentian Bank's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Laurentian Bank's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Laurentian Bank's financial leverage. It provides some insight into what part of Laurentian Bank's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Laurentian Bank's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Laurentian Bank deploys its capital and how much of that capital is borrowed.
Liquidity
Laurentian Bank cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has accumulated 15.04 B in total debt with debt to equity ratio (D/E) of 3.77, implying the company greatly relies on financing operations through barrowing. Debt can assist Laurentian Bank until it has trouble settling it off, either with new capital or with free cash flow. So, Laurentian Bank's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Laurentian Bank sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Laurentian to invest in growth at high rates of return. When we think about Laurentian Bank's use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

(24.3 Million)
Laurentian Bank (LB) is traded on Toronto Exchange in Canada and employs 3,000 people. Laurentian Bank is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.25 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Laurentian Bank's market, we take the total number of its shares issued and multiply it by Laurentian Bank's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Laurentian Bank classifies itself under Banks sector and is part of Financials industry. The entity has 43.73 M outstanding shares of which 1.26 M shares are now shorted by private and institutional investors with about 4.61 days to cover all short positions. Laurentian Bank has accumulated about 7.05 B in cash with (580.18 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 163.48, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Laurentian Bank Probability Of Bankruptcy
Ownership Allocation
Laurentian Bank maintains a total of 43.73 Million outstanding shares. Roughly 73.0 % of Laurentian Bank outstanding shares are held by general public with 27.16 % by institutional investors. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Laurentian Ownership Details

Laurentian Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Laurentian Bank jumping above the current price in 90 days from now is about 1.66%. The Laurentian Bank probability density function shows the probability of Laurentian Bank stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Laurentian Bank has a beta of -0.4182. This indicates as returns on benchmark increase, returns on holding Laurentian Bank are expected to decrease at a much lower rate. During the bear market, however, Laurentian Bank is likely to outperform the market. Additionally, laurentian Bank has an alpha of 0.1598, implying that it can generate a 0.16 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 28.5HorizonTargetOdds Above 28.5
98.30%90 days
 28.50 
1.66%
Based on a normal probability distribution, the odds of Laurentian Bank to move above the current price in 90 days from now is about 1.66 (This Laurentian Bank probability density function shows the probability of Laurentian Stock to fall within a particular range of prices over 90 days) .

Laurentian Bank Historical Income Statement

Laurentian Bank Income Statement is one of the three primary financial statements used for reporting Laurentian's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Laurentian Bank revenue and expense. Laurentian Bank Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Laurentian Bank's Interest Expense is very stable compared to the past year. As of the 28th of March 2024, Tax Provision is likely to grow to about 28.1 M, while Depreciation And Amortization is likely to drop about 44.2 M. View More Fundamentals

Laurentian Stock Against Markets

Picking the right benchmark for Laurentian Bank stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Laurentian Bank stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Laurentian Bank is critical whether you are bullish or bearish towards Laurentian Bank at a given time. Please also check how Laurentian Bank's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Laurentian Bank without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Laurentian Bank Corporate Directors

Laurentian Bank corporate directors refer to members of a Laurentian Bank board of directors. The board of directors generally takes responsibility for the Laurentian Bank's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Laurentian Bank's board members must vote for the resolution. The Laurentian Bank board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Sonia BaxendaleIndependent DirectorProfile
Michelle SavoyIndependent DirectorProfile
Gordon CampbellIndependent DirectorProfile
Susan JenahIndependent DirectorProfile

How to buy Laurentian Stock?

Before investing in Laurentian Bank, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Laurentian Bank. To buy Laurentian Bank stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Laurentian Bank. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Laurentian Bank stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Laurentian Bank stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Laurentian Bank stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Laurentian Bank, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Laurentian Bank?

The danger of trading Laurentian Bank is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Laurentian Bank is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Laurentian Bank. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Laurentian Bank is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Laurentian Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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When running Laurentian Bank's price analysis, check to measure Laurentian Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Laurentian Bank is operating at the current time. Most of Laurentian Bank's value examination focuses on studying past and present price action to predict the probability of Laurentian Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Laurentian Bank's price. Additionally, you may evaluate how the addition of Laurentian Bank to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Laurentian Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Laurentian Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Laurentian Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.