Lakeland Bancorp (LBAI) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lakeland Bancorp in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LBAI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LBAI, but not buy additional shares or sell existing shares.
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4 equities research analysts have issued 1 year price objectives for Lakeland Bancorp's shares. Their LBAI share price forecasts range from $17.00 to $20.80. On average, they expect the company's stock price to reach $18.60 in the next year. This suggests a possible upside of 30.9% from the stock's current price.
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Lakeland Bancorp's stock was trading at $17.61 at the start of the year. Since then, LBAI shares have decreased by 19.3% and is now trading at $14.21.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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Lakeland Bancorp, Inc. (NASDAQ:LBAI) released its quarterly earnings data on Monday, October, 25th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.02. The financial services provider earned $64.81 million during the quarter, compared to the consensus estimate of $65.38 million. Lakeland Bancorp had a trailing twelve-month return on equity of 10.34% and a net margin of 25.66%. During the same quarter in the previous year, the company posted $0.28 earnings per share.

Lakeland Bancorp declared a quarterly dividend on Thursday, April 27th. Shareholders of record on Monday, May 8th will be paid a dividend of $0.145 per share on Wednesday, May 17th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Friday, May 5th.
Read our dividend analysis for LBAI.

ETFs with the largest weight of Lakeland Bancorp (NASDAQ:LBAI) stock in their portfolio include First Trust Merger Arbitrage ETF (MARB), ProShares Russell 2000 Dividend Growers ETF (SMDV), AltShares Merger Arbitrage ETF (ARB), iShares US Small Cap Value Factor ETF (SVAL), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Timothy Plan US Small Cap Core ETF (TPSC), SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and iShares Micro-Cap ETF (IWC).

Lakeland Bancorp (NASDAQ:LBAI) pays an annual dividend of $0.58 per share and currently has a dividend yield of 4.34%. LBAI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 34.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LBAI will have a dividend payout ratio of 35.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LBAI.

3 employees have rated Lakeland Bancorp Chief Executive Officer Thomas J. Shara Jr. on Glassdoor.com. Thomas J. Shara Jr. has an approval rating of 100% among the company's employees. This puts Thomas J. Shara Jr. in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lakeland Bancorp investors own include Wendy's (WEN), CA (CA), Endologix (ELGX), BlackRock (BLK), Chipotle Mexican Grill (CMG), Kraft Heinz (KHC), NIC (EGOV), General Electric (GE), ARMOUR Residential REIT (ARR) and Athabasca Oil (ATH).

Lakeland Bancorp trades on the NASDAQ under the ticker symbol "LBAI."

Lakeland Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.39%), Dimensional Fund Advisors LP (5.59%), State Street Corp (2.48%), Systematic Financial Management LP (2.33%), Gateway Advisory LLC (2.22%) and Geode Capital Management LLC (1.99%). Insiders that own company stock include Brian Gragnolati, James E Hanson II, James E Hanson II, Lawrence R Inserra, Jr, Paul Ho-Sing-Loy, Robert E Mccracken and Ronald E Schwarz.
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Shares of LBAI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LBAI stock can currently be purchased for approximately $14.21.

Lakeland Bancorp (NASDAQ:LBAI) has a market capitalization of $923.93 million and generates $395.64 million in revenue each year. The financial services provider earns $107.37 million in net income (profit) each year or $1.69 on an earnings per share basis.

The company employs 681 workers across the globe.

Lakeland Bancorp's mailing address is 250 OAK RIDGE RD, OAK RIDGE NJ, 07438. The official website for the company is www.lakelandbank.com. The financial services provider can be reached via phone at (973) 697-2000 or via fax at 973-697-8385.