Laurentian Bank (LB.TO) Buy, Sell or Hold

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Laurentian Bank (LB.TO)

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40.34

-0.06 (0.15%)

as of Jun 19, 2026, 8:00:01 pm Market Open.

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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)

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.

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.

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)

DON'T BUY

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

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.

DON'T BUY

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.

DON'T BUY

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.

TOP PICK

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)

DON'T BUY

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

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.

DON'T BUY

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%.

DON'T BUY

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.

DON'T BUY

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.

COMMENT

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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