Lakeland Bancorp (NASDAQ:LBAI) Trading Up 3.8%

Lakeland Bancorp, Inc. (NASDAQ:LBAI - Get Free Report)'s stock price rose 3.8% during mid-day trading on Friday . The stock traded as high as $11.64 and last traded at $11.60. Approximately 161,689 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 290,742 shares. The stock had previously closed at $11.17.

Analyst Ratings Changes

LBAI has been the subject of several research reports. StockNews.com raised Lakeland Bancorp from a "sell" rating to a "hold" rating in a research report on Friday. Keefe, Bruyette & Woods decreased their target price on Lakeland Bancorp from $17.50 to $16.65 and set a "market perform" rating for the company in a research report on Tuesday, January 30th.

Lakeland Bancorp Trading Up 4.2 %

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $758.35 million, a P/E ratio of 9.09 and a beta of 0.85. The stock has a 50-day moving average of $12.04 and a two-hundred day moving average of $12.75.

Lakeland Bancorp (NASDAQ:LBAI - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.30 earnings per share for the quarter, meeting analysts' consensus estimates of $0.30. Lakeland Bancorp had a return on equity of 7.43% and a net margin of 16.42%. The company had revenue of $72.09 million during the quarter. On average, equities research analysts predict that Lakeland Bancorp, Inc. will post 1.07 earnings per share for the current year.

Lakeland Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 5th were issued a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date was Friday, February 2nd. Lakeland Bancorp's payout ratio is 45.31%.

Institutional Trading of Lakeland Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc increased its holdings in shares of Lakeland Bancorp by 2.0% in the 4th quarter. Legal & General Group Plc now owns 26,706 shares of the financial services provider's stock worth $470,000 after purchasing an additional 530 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Lakeland Bancorp by 26.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 4,169 shares of the financial services provider's stock worth $73,000 after purchasing an additional 863 shares in the last quarter. Boothbay Fund Management LLC increased its holdings in shares of Lakeland Bancorp by 0.9% in the 1st quarter. Boothbay Fund Management LLC now owns 95,710 shares of the financial services provider's stock worth $1,497,000 after purchasing an additional 879 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of Lakeland Bancorp by 3.9% in the 3rd quarter. Inspire Investing LLC now owns 24,317 shares of the financial services provider's stock worth $307,000 after purchasing an additional 915 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Lakeland Bancorp by 24.8% in the 1st quarter. Ameritas Investment Partners Inc. now owns 4,784 shares of the financial services provider's stock worth $80,000 after purchasing an additional 950 shares in the last quarter. Institutional investors own 59.62% of the company's stock.

About Lakeland Bancorp

Lakeland Bancorp, Inc operates as the bank holding company for Lakeland Bank that provides financial products and services for businesses and consumers. It provides commercial banking services, including savings, money market, and time accounts, as well as demand deposits. The company also offers lending services, including commercial real estate loans, commercial and industrial loans, short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, residential mortgage loans, small business administration loans, and merchant credit card services; financing solutions to small and medium-sized companies; online banking, mobile banking, and wire transfer services to the business community and municipal relationships; and cash management services, such as remote capture of deposits and overnight sweep repurchase agreements.