Lakeland Bancorp (LBAI) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lakeland Bancorp in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street 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.
View LBAI analyst ratings or view top-rated stocks.

3 analysts have issued 12 month price objectives for Lakeland Bancorp's shares. Their LBAI share price forecasts range from $18.00 to $20.80. On average, they anticipate the company's share price to reach $19.40 in the next year. This suggests a possible upside of 53.1% from the stock's current price.
View analysts price targets for LBAI or view top-rated stocks among Wall Street analysts.

Lakeland Bancorp's stock was trading at $17.61 at the beginning of the year. Since then, LBAI stock has decreased by 28.1% and is now trading at $12.67.
View the best growth stocks for 2023 here.

Lakeland Bancorp saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,600,000 shares, an increase of 9.6% from the August 15th total of 1,460,000 shares. Based on an average trading volume of 195,700 shares, the short-interest ratio is presently 8.2 days.
View Lakeland Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our LBAI earnings forecast.

Lakeland Bancorp, Inc. (NASDAQ:LBAI) posted its quarterly earnings results on Thursday, July, 27th. The financial services provider reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by $0.04. The financial services provider earned $78.21 million during the quarter, compared to analyst estimates of $93.30 million. Lakeland Bancorp had a net margin of 22.43% and a trailing twelve-month return on equity of 9.66%.

Lakeland Bancorp declared a quarterly dividend on Tuesday, July 25th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.145 per share on Wednesday, August 16th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Friday, August 4th.
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) and iShares Micro-Cap ETF (IWC).Inspire Small/Mid Cap ETF (ISMD).

Lakeland Bancorp (NASDAQ:LBAI) pays an annual dividend of $0.58 per share and currently has a dividend yield of 4.52%. 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 36.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LBAI will have a dividend payout ratio of 46.40% 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.62%), Dimensional Fund Advisors LP (5.50%), State Street Corp (2.65%), Geode Capital Management LLC (2.04%), Citigroup Inc. (1.40%) and Northern Trust Corp (1.36%). Insiders that own company stock include Brian Gragnolati, James E Hanson II, James E Hanson II, Mary Ann Deacon, Paul Ho-Sing-Loy and Ronald E Schwarz.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of LBAI stock can currently be purchased for approximately $12.67.

Lakeland Bancorp (NASDAQ:LBAI) has a market capitalization of $823.93 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 $1.59 on an earnings per share basis.

The company employs 860 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.